“In addition to the quandary of ongoing housing price increases and affordability concerns in many U.S. markets, the first quarter of 2019 saw a fair share of adverse weather as well.”
Housing markets have proven to be resilient despite predictions of more challenges this year for housing.
“Despite a strong U.S. economy, historically low unemployment and steady wage growth, home sales began to slow across the nation in late last year.”
Home prices rose steadily throughout 2018, even as sales activity was in fluctuation compared to 2017 levels.
“Housing is still relatively affordable.”
“A trend of market balance is emerging as we approach the end of 2018.”
“Sales may very well be up next month as the market continues to search for sales balance.”
“Sales were up compared to last year”
“The chatter about housing price bubbles have increased this summer as observers attempt to predict the next shift in the residential real estate market.”
“Buyer competition is frequently manifesting quick sales above asking price.”