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

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.