What’s in Store for Our Market in 2019?

To get a good sense of where our market is headed in 2019, I’ve made a slideshow presentation with all the latest numbers and trends.

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What’s in store for buyers and sellers for the rest of 2019? In the video above, I’ve provided a comprehensive slideshow presentation with all the most important numbers to answer that question.For your convenience, I’ve also provided timestamps of the presentation so you can skip ahead to the section(s) that interest you the most: 2019 Economic Forecast

0:35 - The two things Realtors have been praying for  0:45 - Why our economy is our biggest strength  1:05 - Employment numbers and consumer confidence figures  1:18 - Inflation remains low   1:21 - The numbers from our 2018 financial markets  1:33 - Interest rate fluctuations and their impact on affordability  2:17 - Projected home price appreciation moving forward in 2019  2:29 - The difference in net worth between renters and homeowners aged 65+

The California Housing Market

2:45 - Sales numbers and our rate of price growth from August 2017 to August 2018  3:06 - The peak price months of SoCal counties compared to August 2018  3:22 - Our growing rate of inventory  3:37 - Sales vs. active listings growth in different price ranges  3:41 - The average days on market from 2005 to 2018  3:45 - The number of listings with price reductions from 2010 to 2018  3:48 - Affordability for repeat buyers and first-time buyers  3:56 - Our share of international buyers   4:04 - The average length of time homeowners are owning homes  4:16 - The percentage of homeowners who choose renovating instead of buying  4:25 - The percentage of sellers moving out of California and where they’re moving to

Our 2019 Market Forecast

4:50 - U.S. economic outlook  5:12 - California housing market outlook

As always, if you have any questions about this or any other real estate topic, don’t hesitate to reach out to me. I’d love to help you.