While no one can predict the future with certainty, most experts foresee modest growth in the U.S. housing market for 2019. In Palm Beach County of south Florida inventory may remain tight, mortgage rates may continue to creep up, and affordability may remain a major issue in many parts of Florida.
WHAT DOES IT MEAN FOR ME?
If you buy now, you will benefit from appreciating property values while locking in an historically-low interest rate on your mortgage.
Waiting to buy could mean paying more for your home as prices increase and paying higher interest on your mortgage as rates continue to rise.
And if you’re in the market to sell your home, there’s no need to wait any longer. Prices have begun to stabilize, and rising interest rates could decrease the number of available buyers for your home. Act now to take advantage of this strong seller’s market before it changes to a buyer’s market.
LET’S GET MOVING
While national real estate numbers and predictions can provide a “big picture” outlook, real estate is local. As local market experts, the Martin Group can guide you through the ins and outs of our market and the issues most likely to impact sales and home values in your particular neighborhood.
If you have specific questions or would like more information about where we see real estate headed in your area, let us know the city or zip code! We’re here to help you navigate this changing real estate landscape in 2019.
Call or Text the Martin Group at 1-561-339-1779. Of if you prefer, email us: