#TimeToBuy The Housing Market’s Rebalancing Act #5StarREALTOR

By
Real Estate Agent with Allison James Elite CA. BRE 01501699
https://activerain.com/droplet/5h2b

https://www.google.com/analytics/web/#home/a69066132w111663562p116541675/

As millennials age and form new households and families, they will be a strong source of demand this year. Many millennials will be straying from urban centers and toward the suburbs. However, single-family housing supply will remain tight until Baby Boomers begin downsizing in greater numbers or new construction picks up.

“Since tight market conditions in the existing homes market will remain in place, and construction will increase only slightly, we expect existing home sales to remain close to their current levels, with a gradual downward trend,” BBVA stated in its outlook.

As of November, the housing market held 4.1 months’ supply, still well below the threshold of six months’ supply that marks a balanced market. At the most extreme, Oakland, California; and Tacoma, Washington, held just 1.7 months’ supply.

Just like sales, home prices have slowed in the second half of 2018. Home prices increased 5.1 percent over the year in November, down from 6.6 percent in March and April. Despite the slowdown, only 16 of the largest 80 metropolitan statistical areas posted home price appreciation slower than 5 percent as of November.

Home price growth will likely “remain solid” this year, according to BBVA, and will likely continue to outpace inflation.

New home construction should increase “slowly” this year, and multifamily construction should “stabilize at the current levels.”

Mortgage rates have risen and will likely rise a little more, putting pressure on affordability. The 30-year, fixed-rate mortgage rate landed around 4.5 percent at the end of the year, according to BBVA, and is likely to “stabilize around 5% in the short- to mid-term.” The good news there is that “more than one-half of the impact of interest rate increases has already been absorbed by the market,” BBVA stated.

Overall, we can expect the shifting housing market to “balance some of the regional disparities built up over the last decade,” BBVA stated.

Already markets where prices are at their most extremes—either far outpacing economic fundamentals or lagging fundamentals—are beginning to realign, according to BBVA.

“This regional rebalancing is positive and will contribute to the sustainability of the housing market in the long run,” BBVA stated. “We expect this trend to continue in 2019.”

The outlook is largely positive for markets that are attracting knowledge workers and millennials forming new households or upgrading as their families grow. On the other hand, housing markets in smaller metros and rural areas may struggle.

Posted by

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying
Location:
California Ventura County
Tags:
luxury home specialist
your best choice for a realtor in los angles ventura county ca
certified xome auction luxury realtor
5starrealtor timetobuy

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Rainmaker
560,602
Chris B Johnson REALTOR®
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

https://www.google.com/analytics/web/#home/a69066132w111663562p116541675/

 

#ChrisBJohnsonRealtor

https://chrisbjohnsonrealtor.allisonjamesinc.com/ask/f3dbcb3921f86f5ee5557c696489bc96

<iframe width="560" height="315" src="https://chrisbjohnsonrealtor.allisonjamesinc.com/ask/f3dbcb3921f86f5ee5557c696489bc96" frameborder="0" allowfullscreen></iframe>

5 Star Rated REALTOR #ChrisBJohnsonREALTOR

https://youtu.be/p4-VfR1DJNA

Sell Your Home For More and Pay Less Using A 5 Star Rated Realtor

https://youtu.be/CRCXLh4EycU

https://biteable.com/watch/sell-for-more-pay-less-chrisbjohnsonrealtor-1959786/afffdc699004f8b15891489c4de17b4cbd4e3a75

https://biteable.com/watch/xome-super-seller-1954842

https://www.ratemyagent.com/real-estate-agent/chris-b-johnson-xu316/reviews

http://www.VCNeighborhoodValues.com

http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/blog.php

http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/

http://my.flexmls.com/ChrisBJohnsonRealtor               IDX

https://www.xome.com/auctions/agent-listings/Chris-Johnson/11009531

https://drive.google.com/file/d/0Bzia-m_p1JFMMVMzSGZFdmNYV28/view?usp=sharing

http://www.simplifyingthemarket.com/?a=97822-26df5ea08f8689012df0225866ae0bf1

https://www.linkedin.com/today/author/chrisbjohnson

https://www.linkedin.com/in/chrisbjohnson/detail/recent-activity/posts/

https://www.linkedin.com/pro/chrisbjohnson

http://www.linkedin.com/in/chrisbjohnson

https://activerain.com/profile/chrisbjohnson

https://activerain.com/blogs/chrisbjohnson

https://www.youtube.com/c/ChrisBJohnsonRealtor

http://chrisbjohnsonrealtorluxuryhomes.blogspot.com/

http://www.google.com/+ChrisBJohnsonRealtor

http://www.google.com/+ChrisBJohnsonRealtorMoorpark

http://www.google.com/+ChrisbjohnsonrealtorMoorparkShortSaleRealtor

https://moorpark-short-sale-specialist.business.site

https://chris-b-johnson-realtor.business.site/

http://www.facebook.com/ChrisBJohnsonRealtor

http://www.ChrisBJohnsonRealtor.com

http://www.twitter.com/CBJRealtor

https://www.pinterest.com/chrisbjohnsonre/

https://www.instagram.com/chrisbjohnsonrealtor/

https://search.google.com/local/posts?q=Moorpark+Short+Sale+Specialist&ludocid=5817891684567616689#lkt=LocalPoiPosts&lpstate=pid:249604486823837412&trex=m_t:lcl_akp,rc_f:nav,rc_ludocids:5817891684567616689

https://www.google.com/search?q=Chris+B+Johnson+Realtor&ludocid=5798838494712077139&_ga=2.159473401.537763112.1546635339-659962020.1513365692#lkt=LocalPoiPosts&trex=m_t:lcl_akp,rc_f:nav,rc_ludocids:5798838494712077139

Jan 28, 2019 10:09 AM #1
Rainmaker
560,602
Chris B Johnson REALTOR®
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

https://www.google.com/analytics/web/#home/a69066132w111663562p116541675/

 

#ChrisBJohnsonRealtor

https://chrisbjohnsonrealtor.allisonjamesinc.com/ask/f3dbcb3921f86f5ee5557c696489bc96

<iframe width="560" height="315" src="https://chrisbjohnsonrealtor.allisonjamesinc.com/ask/f3dbcb3921f86f5ee5557c696489bc96" frameborder="0" allowfullscreen></iframe>

5 Star Rated REALTOR #ChrisBJohnsonREALTOR

https://youtu.be/p4-VfR1DJNA

Sell Your Home For More and Pay Less Using A 5 Star Rated Realtor

https://youtu.be/CRCXLh4EycU

 

https://biteable.com/watch/sell-for-more-pay-less-chrisbjohnsonrealtor-1959786/afffdc699004f8b15891489c4de17b4cbd4e3a75

https://biteable.com/watch/xome-super-seller-1954842

https://www.ratemyagent.com/real-estate-agent/chris-b-johnson-xu316/reviews

http://www.VCNeighborhoodValues.com

http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/blog.php

http://www.ChrisBJohnsonRealtor.AllisonJamesInc.com/

http://my.flexmls.com/ChrisBJohnsonRealtor               IDX

https://www.xome.com/auctions/agent-listings/Chris-Johnson/11009531

https://drive.google.com/file/d/0Bzia-m_p1JFMMVMzSGZFdmNYV28/view?usp=sharing

http://www.simplifyingthemarket.com/?a=97822-26df5ea08f8689012df0225866ae0bf1

https://www.linkedin.com/today/author/chrisbjohnson

https://www.linkedin.com/in/chrisbjohnson/detail/recent-activity/posts/

https://www.linkedin.com/pro/chrisbjohnson

http://www.linkedin.com/in/chrisbjohnson

https://activerain.com/profile/chrisbjohnson

https://activerain.com/blogs/chrisbjohnson

https://www.youtube.com/c/ChrisBJohnsonRealtor

http://chrisbjohnsonrealtorluxuryhomes.blogspot.com/

http://www.google.com/+ChrisBJohnsonRealtor

http://www.google.com/+ChrisBJohnsonRealtorMoorpark

http://www.google.com/+ChrisbjohnsonrealtorMoorparkShortSaleRealtor

https://moorpark-short-sale-specialist.business.site

https://chris-b-johnson-realtor.business.site/

http://www.facebook.com/ChrisBJohnsonRealtor

http://www.ChrisBJohnsonRealtor.com

http://www.twitter.com/CBJRealtor

https://www.pinterest.com/chrisbjohnsonre/

https://www.instagram.com/chrisbjohnsonrealtor/

https://search.google.com/local/posts?q=Moorpark+Short+Sale+Specialist&ludocid=5817891684567616689#lkt=LocalPoiPosts&lpstate=pid:249604486823837412&trex=m_t:lcl_akp,rc_f:nav,rc_ludocids:5817891684567616689

https://www.google.com/search?q=Chris+B+Johnson+Realtor&ludocid=5798838494712077139&_ga=2.159473401.537763112.1546635339-659962020.1513365692#lkt=LocalPoiPosts&trex=m_t:lcl_akp,rc_f:nav,rc_ludocids:5798838494712077139

Jan 31, 2019 02:44 PM #2
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
560,602

Chris B Johnson REALTOR®

5 Star Rated REALTOR® Quality, Not Quantity
Is it Too Late to Short Sell My Home??
*
*
*
*
Spam prevention

Additional Information