Real Estate and Mortgage Snapshots for 2019

Chicago Real Estate Podcast with Vergis Eiland

Interest rates, sales numbers, and more. Here’s what to keep an eye out for in 2019.

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Today we'd like to share with you our 2019 forecast for both the real estate and mortgage markets. In the coming year, the average sale price will likely rise by 1% at most. This is typical of a normal market.

In the mortgage world, things are a little different. In the fourth quarter, rates jumped up a bit, but they’ve gone down since. The Fed recently came out and said that they’d be more conscientious when raising rates in the future.Though rates may go up slightly this year, they should remain at an affordable level for the time being.

While inventory is going to go up, interest rates are staying flat. This equals a great opportunity for homebuyers.

If you have any questions for us about our market forecast, don’t hesitate to reach out and give us a call or send us an email. We look forward to hearing from you soon.