Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
it's possible that Redfin makes these predictions like they report other data - only on the markets that they have brokerages.
let's look back at last year's, and see how well they did.
And it's possible you are very mistaken. Don't you see a cooling trend in the market already as most starter homes have been gone in hot and up and coming markets? Even in Manhattan a 5% drop was reported and the average price dipped below $1 million, that's the report I saw, don't know how accurate it was.
Pending home sales is a forward-looking measure. It counts how many contracts were signed, rather than how many sales actually closed that month. There can be a lag of about a month or two between signing the contract and closing the sale. Last week, the National Association of Realtors (NAR) released its Pending Home Sales Index for November, an indication of the direction of actual sales to be reported for December and January. This index for November fell to the lowest level since May 2014
Thats my rate 3.25 30 year 3.31apr everything done. I don't want to sell just because of that and increasing rates, I feel for you. fingers crossed
A good thing is I've gained plenty of equity the 5 years I've been here so hopefully, I can pay down the new loan and rate if it goes to 5.0%-5.5% by summer.
Not sure what you're basing that on. But at any rate your original question was about predictions for 2019. The cooling that may have happened was mostly due to a fear of rising mortgage rates. If they don't rise, that isn't an issue anymore.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
