5 Trends that Will Impact Real Estate in 2019

Learn how to combat low commission rates, volatile inventory and more!

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1. Mobile-first transactions
2. Rising industry rates
3. Lower commission rates
4. Rising rental market
5. Fluctuating inventory

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5 Real Estate Trends in 2019

 

1. MOBILE-FIRST TRANSACTIONS
The “table” where real estate was once transacted has now morphed into a digital tablet or smartphone, and the “office” is being replaced by a coffee shop. More than ever, mobile-first communication is critical to today’s agent.

2. RISING INDUSTRY RATES
Experts forecast the 30-year, fixed rate mortgage to reach as high as 5.5% in 2019 with rising rates expected to compound the still-climbing home values.

3. LOWER COMMISSION RATES
In 2018, 31% of sellers noted they tried to negotiate commission with their real estate agent with 18% succeeding and 13% receiving no change to the terms.

4. RISING RENTAL MARKET
For some would-be buyers, still out-of-reach home prices are expected to keep the rental market in the black, while steady investment in new multi-dwelling construction will keep that rent growth manageable.

5. FLUCTUATING INVENTORY
While home inventory levels nationwide remained low for most of 2017, indicators are showing signs of a coming shift in 2019.

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