Rising mortgage rates will set the scene for the housing market in 2019. They will affect everyone, driving up costs for home buyers and creating more demand for rentals. Even current homeowners could start to feel locked into their mortgage rates.
Here’s a snapshot of 2019 Housing Market Predictions:
- Mortgage affordability takes a hit
- Rents reverse course
- Commutes get worse
- Natural disasters claim a record number of homes
- Home value growth slows
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