Rising Rates, Falling Sales –What Lenders Can Expect in 2019

Connect and Share:
Facebook
Facebook
Twitter
Visit Us
LinkedIn
Pinterest
Pinterest
Follow by Email
YOUTUBE
INSTAGRAM

As expected, rising rates and rising home prices slowed down real estate sales, including new construction. However, even amid these pressures, economists are optimistic about lending in 2019.

Economic growth and Millennial’s desire for homeownership remain steady.

Since rising rates are likely to push out investors, Millennial’s will find the market less competitive and working toward their favor –helping to offset the less favorable rates. Thus, despite predictions that home prices will continue to rise through 2019, home sales will likely remain at a respectable 6.18 million in 2019.

The Takeaway: Millennials are vital to the nation’s economy and will continue to be for several decades. Structuring your lending business toward this group, including niche homebuyers like Hispanics and Veterans, is necessary for any lender looking to thrive and dominate in 2019.


Source: https://www.mpamag.com/news/rising-rates-slow-housing-market-down-in-q3-115046.aspx
Connect and Share:
Facebook
Facebook
Twitter
Visit Us
LinkedIn
Pinterest
Pinterest
Follow by Email
YOUTUBE
INSTAGRAM

Leave a Reply

Your email address will not be published. Required fields are marked *