What’s on the horizon for the 4th quarter in 2018?
The housing forecast for the fourth quarter of 2018 is more of the same. Lower inventories of new and resale properties on the market continue to underserve the wants and needs of home buyers. And as this housing demand increases, it generates higher and higher home prices, according to GordCollins.com.
Recent data from the National Association of Realtors® suggests that mortgage interest rates could rise to 5 percent by the end of 2019.
Don’t be misled by the falling numbers of home sales in recent years. It’s the result of a shortage of available homes, not a lack of qualified home buyers. The real estate market in this country is strong and backed by a booming economy and robust job market.
For more information on our local market, or to jump in and get started call, email, or text me anytime.
Five Star award Winner 2011-2018 honoring the top 7% of real estate professionals in Oregon.
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Rachel Sheller, Principal Broker, Realtor, CRS, ABR, GRI, SRES, MASTERS CIRCLE, Earth Advantage Broker, Diversity Specialist-HOWNW, CSA-Certified Staging Agent, Oregon First, Washington First
Direct 503.380.9634, Email- email@example.com
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