Skip To Content

New Year, New Market! What are the trends for 2019?

All real estate is local. For updates on the DE beaches market, call me today.

Inventory challenges defined the real estate market in 2018, and that trend will continue, albeit not as severe, in the coming year. Here are a few more of the real estate trends that my team at Long & Foster and I expect to occur next year.

  1. Inventory will increase a little, but still not enough to meet demand. Inventory will expand this year, but primarily in luxury housing. While demand is strong for entry-level homes, there won’t be much more housing available in that segment.
  2. Mortgage rates are likely to rise. The Mortgage Bankers Association predicts that mortgage rates will reach 5.1 percent by the end of 2019. While that’s higher than the rock-bottom rates of the past few years, it remains historically low.
  3. Home values will rise, but at a slower pace. The National Association of Realtors predicts that prices will rise about 3 percent in 2019 over 2018, a solid increase but not at the rampant pace of previous years.
  4. Investors will benefit from continued healthy returns. Real estate brings steady returns, and as investors look to diversify their portfolios, real estate will rise to the spotlight with attractive mortgage rates and high housing demand.

What these trends mean for you:

If you’re planning on buying or selling a home in 2019, it’s important to put these trends into perspective and realize that the unique characteristics of your local market may not match these overriding predictions.

Working with a real estate professional like me with local market knowledge and industry expertise will help you reach your real estate goals in 2019. Contact me today to get started on your journey home.

Trackback from your site.

Allison Stine

Allison Stine is a highly accomplished real estate professional and the team leader of the Allison Stine Team at Northrop Realty. With an impressive track record spanning nearly two decades, Allison has been a dedicated member of the industry since 2004, bringing her expertise and passion to every client interaction. As the President of the Sussex County Association of Realtors, Allison holds a prominent role in the local real estate community, actively shaping the industry's standards and best practices. Her exceptional leadership and commitment to excellence were recognized when she was honored with the prestigious Realtor of the Year award again in 2024. With a focus on delivering exceptional results, Allison and her team have established themselves as the top producing real estate team in Delaware within Northrop Realty. Their commitment to client satisfaction, paired with their deep understanding of the local market, ensures that each client receives personalized and comprehensive service throughout the buying or selling process. Beyond her professional achievements, Allison is an avid collector of muscle cars, indulging her passion for speed and precision at the drag strip. She resides in the beautiful coastal town of Rehoboth Beach, DE, with her partner Pete. Operating out of two convenient locations in Bethany Beach, DE, and Newark, DE, Allison's real estate team provides exceptional service to clients across Delaware, as well as selected areas of Maryland and Pennsylvania. Whether you're a first-time homebuyer, a seasoned investor, or looking to sell your property, Allison Stine and her team possess the expertise, dedication, and local market knowledge to help you achieve your real estate goals.

Leave a Reply

*
*