{"id":11582,"date":"2019-02-06T11:11:40","date_gmt":"2019-02-06T19:11:40","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=11582"},"modified":"2019-02-04T15:34:29","modified_gmt":"2019-02-04T23:34:29","slug":"real-estate-trends-to-watch-for-in-2019","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/02\/real-estate-trends-to-watch-for-in-2019\/","title":{"rendered":"Real Estate Trends to Watch for in 2019"},"content":{"rendered":"<p style=\"text-align: justify;\">2019 is barely a month old, but is already giving way to the year\u2019s emerging real estate trends. For anyone in the market for a new home, this year\u2019s market will continue to bring similar concerns as last year. Buyers and sellers alike need aware of these real estate trends to watch for in 2019.<\/p>\n<p style=\"text-align: justify;\"><strong>Expect a Shift in the Real Estate Market<\/strong><\/p>\n<p style=\"text-align: justify;\">2019 looks like it is going to be an interesting year in real estate. It is already shaping up to once again remain a sellers market. Home prices and mortgage rates are once again expected to rise, a blow for affordability. New home construction is going to continue to rise and first time home buyers will be king.<\/p>\n<p style=\"text-align: justify;\">1. More Relaxed Lending Standards\u2013during the housing crisis of 2008, mortgage lenders tightened their standards, making it harder to qualify for a loan. This meant fewer people were buying homes. Lenders got the point, and have slightly loosened their strict standards in favor of more relaxed ones.<\/p>\n<p style=\"text-align: justify;\">2. Slowing Rise of Home Prices\u2013home prices are not going down, but they are increasing at a lower rate. This will help to combat rising mortgage interest rates.<\/p>\n<p style=\"text-align: justify;\">3. High Tech Building Becoming More Popular\u2013buyers are looking for smart homes and a variety of technologically-advanced amenities like energy-saving appliances. New home construction will continue to stay ahead of this tend, offering new amenities to maker buyer\u2019s lives easier<\/p>\n<p style=\"text-align: justify;\">4. Reduced Home Size\u2013the days of the McMansion are coming to an end as buyers are looking to downsize. Affordability remains a concern. More and more buyers are staying in the area of $300,000 and buyers are working around this, creating smaller spaces for new buyers.<\/p>\n<p style=\"text-align: justify;\">5. Shift From Owning to Renting\u2013rents are continuing to rise, which is a concern for many. However, baby boomers are moving out of larger metro areas into smaller cities, selling their homes and turning to the convenience of renting. This is causing a shift in the number of renters available, pushing market pricing.<\/p>\n<p style=\"text-align: justify;\">6. Mortgage Rates Continuing to Rise\u2013from the beginning of 2018 to mid-December, 30-year fixed mortgage rates went up a little less than three-quarters of a percentage point, to around 4.75%. Forecasters expect mortgage rates to rise again in 2019 \u2014 but at a slower pace.<\/p>\n<p style=\"text-align: justify;\">7. More Homes For Sale\u2013the market will continue to favor sellers, meaning that the number of homes for sale will continue to rise, as it has for the past 6 years. Demand for new homes is expected to once again exceed supply in 2019.<\/p>\n<p style=\"text-align: justify;\">Outdoorsmen (and women) from the midwest look forward to michigan\u2019s hunting seasons. Now is an excellent time to begin searching for a hunting property or new home. Keep these real estate trends in mind if you are in the market for a new property in 2019.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/realtybiznews.com\/real-estate-trends-to-watch-for-in-2019\/98752779\/\">Real Estate Trends to Watch for in 2019<\/a> by Jamie Richardson | Realty Biz News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2019 is barely a month old, but is already giving way to the year\u2019s emerging real estate trends. For anyone in the market for a new home, this year\u2019s market &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/02\/real-estate-trends-to-watch-for-in-2019\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-11582","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Real Estate Trends to Watch for in 2019 &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/02\/real-estate-trends-to-watch-for-in-2019\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Real Estate Trends to Watch for in 2019 &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"2019 is barely a month old, but is already giving way to the year\u2019s emerging real estate trends. 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