Prices increased in year-over-year comparisons, and this will likely remain the case for the rest of the year.
Fannie Mae is predicting that continued low rates and possibly lower rates are expected in 2020.
“Nationally, buyer and seller activity remained strong, buoyed by low mortgage rates.”
“There’s a lot of interest in the housing market and how a changing economy affects one’s position within it.”
Home price growth has slowed and now more closely matches income and wage growth – a healthy development.
Despite strong buyer demand, sales totals are lower due to a lack of affordable supply
“While perhaps we won’t match the growth in the market seen over the last few years, stability and sustainability are the primary objectives.”
“Buyers are beginning to return in force this Spring. For well-priced homes in desirable locations, competition is fierce.”
“In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well.”