This Year Could be a Buyer’s Market for Real Estate

  • Home values in November were 5.1 percent higher compared with November 2017, according to a report released Wednesday by CoreLogic. But that is down from the 5.4 percent annual gain seen in October.
  • The slowdown in asking prices comes as sellers face a new reality of higher interest rates and affordability worries among potential buyers.
  • CoreLogic is now projecting a smaller, 4.8 percent gain in November 2019.

It looks like 2019 could be a buyer’s market in real estate, but that’s not necessarily a good sign for the economy.

Home prices, while still higher than a year ago, are pulling back in most major markets, according to a report released Wednesday. Values in November were 5.1 percent higher compared with November 2017, CoreLogic said. That is down from the 5.4 percent annual gain seen in October. CoreLogic is now projecting a smaller, 4.8 percent gain in November 2019.

The decline in asking prices comes as sellers face a new reality of higher interest rates and affordability worries among potential buyers.

2019-01-17T10:34:18+00:00