Follow Me On: |
Deanne Katsaros Mortgage Mom Greentree Mortgage Co LP Phone: (609) 605-7153 CO NMLS ID # 16128 NMLS : ID #143589 deanne@mortgagemom.net www.mortgagemom.net |
||||
December 2018
|
A Year in Review: 2018 Mortgage Trends Home Demand Continues to Grow. This continues to be a seller's market as fewer people put their homes up for sale. Home demand is growing as young people look to find their first homes and older residents live longer in the homes they are in. This is good news for builders and investors in development companies. Affordability Is on the Decline. The challenge of living in a seller's market is that home prices will continue to increase while overall affordability declines. Studies show that fewer people are able to find homes in their price range, causing more people to keep renting or move to less expensive areas. Interest Rates Are on the Rise. The Federal Reserve raised interest rates in September of 2018, signaling the health of the economy. The Fed lowered interest rates during the recession but is starting to increase them as the economy strengthens. This makes buying a house even more expensive, which could push some homebuyers out of the market. Conversely, others might buy their homes soon before the Fed increases interest rates even higher. While 2018 was an exciting year for mortgages, 2019 is expected to be just as eventful as the markets continue to shift and demand either increases or decreases based on the rest of the economy. Sources: Nerdwallet, USA Today If you or anyone you know has questions about home loan rates or products, please reach out. I'm always happy to help. Enjoy this month's issue of YOU Magazine. | ||||||||||||||||||||||||||||||
You are receiving a complimentary subscription to YOU Magazine as a result of your ongoing business relationship with Deanne Katsaros. While beneficial to a wide audience, this information is also commercial in nature and it may contain advertising materials. INVITE A FRIEND to receive YOU Magazine. Please feel free to invite your friends and colleagues to subscribe. SUBSCRIBE to YOU Magazine. If you received this message from a friend, you can subscribe online. UNSUBSCRIBE: If you would like to stop receiving emails from Deanne Katsaros, you can easily unsubscribe. Greentree Mortgage Co LP |
2 Eastwick Drive, Suite 300 Gibbsboro, NJ 08026 Powered by Platinum Marketing © Copyright 2024. Vantage Production, LLC. |