For over 30 years people asked my mother, the world-famous Lynbrook High Homes Expert,
"Will the Real Estate Market Go Up or Down?" and for over 30 years she had the same answer.
I've been selling Silicon Valley homes for over 30 years now and people ask me,
"Will the Real Estate Market Go Up or Down?" and for over 30 years I've had the same answer.
That sounds flippant initially, but it's the truth. In Silicon Valley and San Jose Lynbrook High Homes in Cupertino Schools, the market will go up AND down.
Here’s what some real estate experts expect for Fall 2019:
“We see the cooldown flattening or even reversing course in the coming months and expect the housing market to continue coming into balance. In the meantime, buyers are likely claiming some ground from what has been seller’s territory over the past few years. If mortgage rates stay low, wages continue to grow, and inventory picks up, we can expect the U.S. housing market to further stabilize throughout the remainder of the year.”
“We expect the second half of year will be notably better than the first half in terms of home sales, mainly because of lower mortgage rates.”
“The drop in mortgage rates continues to stimulate the real estate market and the economy. Home purchase demand is up five percent from a year ago and has noticeably strengthened since the early summer months…The benefit of lower mortgage rates is not only shoring up home sales, but also providing support to homeowner balance sheets via higher monthly cash flow and steadily rising home equity.”
The Bottom Line...
The real estate market will go up and down. The real question? "Is this the right market for you to buy and sell a home?" Just Call 408-252-8900 for a free and confidential expert consultation specific to your needs and unique market opportunities.
Thanks for reading "Will the Real Estate Market Go Up or Down in Fall 2019?"