“2019 will be a year of realigning expectations — for buyers, sellers, originators, Realtors and lenders”

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Andy McDonough, senior vice president, HomeStreet Bank just wrote a great article predicting a continuing shirt in 2019 to a buyers market. Here are some key points, and a link to his insightful article in the Scotsman Guide.

Key Points: a shift to a buyers market…

  • Interest rates are rising.
  • Affordability is becoming an issue.
  • Builders and sellers are making concessions.
  • Homes are sitting on market longer.
  • Prices are likely to stagnate.
  • Purchase and refinance markets are likely to contract.