Owning a home, where you can live and share your happy moments and sorrows with family, is generally a requirement for all Americans in this day and age. And we can agree that everyone has their own reasons, whatever they may be, to purchase or sell a home. If you are in the market and are planning to buy or sell a property, have you considered how the market will fare in 2019 – will it bring a fortune, or will you bring disappointment?

If we talk about the past couple years, the real estate market has been interesting to say the least. Looking into the back end of 2019, we have brought you some forecast highlights from the Housing industry experts that will help you understand what to look forward to moving into 2020. Let’s take a quick look:

 •    There Will Be Less Competition for Buyers:

We know that regardless of increasing the mortgage rates, there is still a sturdy demand in the market. And so, Realty experts have forecasted that this year, buyers will likely be glad about having less competition and fewer bidding wars – a welcome relief from the aspects that have turned out to be a routine with remarkable low interest rates and lack of inexpensive dwelling options. It’s a buyer’s market! This makes sense considering the mortgage rates and increasing house prices. The marketing professionals have the same opinion that buying a house now rather than waiting a few months will likely cause a lower monthly payment. In addition to this, the wealthy will continue to purchase real estate so if you find yourself needing to sell your house quick you can do so, usually for cash, to one of these companies or investors with or without instant cash offers, all in spite of the rising rates. 

•    Suitable Priced Houses Will Get Sold:

Well, it is in favour of sellers, who certainly are not afraid of the increasing rates and some buyers who are going to bid on their homes. Sellers and investors, properly pricing their home, will be able to sell fast.  Taken as a whole, something positive will come out regarding the market and ability to buy an abode. And when it comes to higher debt-to-income ratios and higher loan-to-value ratios, these are supposed to make it simpler for a borrower to meet the criteria for a credit with less money down and an advanced level of debt.

Be Ready Regardless Of the Market

In line with the real estate experts, it is no matter what will come about in the Real Estate market, the fact is, the choice to invest in a home or sell it is personal. People have made millions during market highs just the same as others have in recessions. The real estate market is a beautiful thing, but it can’t be detrimental. Like anything else in life, it’s not worth doing if it isn’t done right. Regarding your wants or needs, investment strategy and risk tolerance, be observant and learn from those before you for your best chances to capitalize on the real estate market in 2019-2020.