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Posted by Todd Mitchell on September 11, 2019
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National Snapshot: How’s the Real Estate Market?

 

The U.S. unemployment rate is at a 50-year low, and consumer confidence remains high. In fact, the University of Michigan’s latest Surveys of Consumers found that Americans have their most positive personal finance outlook since 2003.1

 

However, if you follow national news, you’ve probably heard speculation that we could be headed toward a recession. Global trade tensions and a slow down in the GDP growth rate has sparked volatility in the stock market, leading to economic uncertainty.

 

Given these differing signals, you may be wondering: How has the U.S. real estate market been impacted? Where is it headed? And more importantly … what does it mean for me?

 

 

 

Todd & Linda Mitchell

The MITCHELL Team

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Stop Searching & Start Living the GoodLife!

 

 

 

Sources:

    1. University of Michigan Surveys of Consumers – http://www.sca.isr.umich.edu/
    2. Freddie Mac – https://freddiemac.gcs-web.com/news-releases/news-release-details/mortgage-rates-drop-significantly?_ga=2.29332539.689041222.1565464527-928629548.1565464527
    3. CNN – https://www.cnn.com/2019/07/31/business/fed-rate-cut-july-meeting/index.html
    4. S&P Dow Jones Indices – https://us.spindices.com/documents/indexnews/announcements/20190730-965771/965771_cshomeprice-release-0730.pdf?force_download=true
    5. National Association of Realtors – https://www.nar.realtor/newsroom/metro-home-prices-increase-in-91-of-metro-areas-in-second-quarter-of-2019
    6. Forbes – https://www.forbes.com/sites/alyyale/2019/04/18/with-a-recession-looming-is-now-the-time-to-sell-your-home/#7d3a21665bce
    7. CNN – https://www.cnn.com/2019/08/09/economy/mortgages-home-buyers/index.html
    8. Forbes – https://www.forbes.com/sites/carolinefeeney/2019/07/01/halfway-into-2019-how-is-the-housing-market-holding-up/#7e656e3ec5d8
    9. CoreLogic – https://www.corelogic.com/blog/2019/06/special-report-investor-home-buying.aspx
    10. Fox Business – https://www.foxbusiness.com/economy/investors-snapping-up-homes-at-record-levels

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