What to Expect From the Housing Market in 2019

…”The Federal Reserve hiked interest rates three times in 2018 – with a fourth likely before the new year – and has also expressed plans to increase them more than once in 2019. ”

…..”A marginally higher interest rate doesn’t necessarily add a significant amount to the total you pay back to a lender for your mortgage, but in monthly payments you could see anywhere from a change of $50 to “a couple hundred dollar increase, and that can make a huge bit of a difference,” says Jim Murrett, president of the Appraisal Institute.”

…Renters…”Like homeowners, renters should continue to save as much as possible while wages are up and the job market is strong in preparation for a time when affordability declines to ensure rent can be made on time in the more distant future.”

The housing market is silently roaring on as it eats everyones money

realestate.usnews.com/real-estate/articles/what-to-expect-from-the-housing-market

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