Spring 2019 Overview

The inventory for the housing market continues to remain low while demand remains high. In the struggle for inventory, home prices are appreciating by an average of 4.3%, which is an increase of 0.5% from 2018’s fourth quarter.

“Interest rates are also climbing, so buying a house sooner rather than later is beneficial”

The good news is, family wealth is expected to grow by $42,617 over the next five years based on increased home equity. Because of this and the increase in cost to rent, U.S. home ownership rates have increased to 64.8%.