At this time of year, some property investors already start to look ahead to the next. We’re not surprised to see that a lot of them have the same questions in mind, like will it be a seller’s market or a buyer’s market in 2019? Will home prices keep rising or are they cooling down? What about supply and demand? And so on. While no one can accurately predict the future of the real estate investing industry, we can make a few housing market predictions. Here are the top trends that real estate experts, analysts, and economists expect to come in the 2019 US housing market.
When studying a real estate market to forecast where it’s going, the first thing you’d look at is the market’s economy. Economists believe the US economy is on its strongest roll ever. Some of the main factors contributing to this healthy economy are the return of high paying jobs, new career opportunities, high employment, lower taxes, and hopefully soon, higher wages.
If you take a look at these and other key data on the US economy for the next 6 years, you’ll see a positive picture. This, in turn, will stimulate the real estate market – when the economy is good, people want to buy homes! The strong economy and similarly strong job market should increase the demand from homebuyers.
Another real estate market trend you can expect in 2019 is the growing number of foreign property investors. America has always had a great attitude toward risk and business growth. Now, the growing economy and housing market are inviting more foreign property investors from countries like China, Singapore, and Canada to buy investment properties in the country.
For specific information regarding the Southwest Florida market, contact Nick Cornwell at Nova Homes of South Florida, 239.776.5076 or BuildNow@NovaHomesBuilder.com. Nova Homes has been building luxury custom homes in Naples, and Marco Island, Florida since 2004.