Although several housing market experts anticipate the market slowing down in 2019, LendingTree believes that there is no cause for alarm.
In its 2019 forecast, LendingTree predicts slower sales will give rise to an increase of inventory, which could benefit lenders and homeowners.
“The medium- and long-term prospects for housing are good because demographics are going to continue to support demand,” LendingTree Chief Economist Tendayi Kapfidze writes. “With a slower price appreciation, incomes have a chance to catch up. With slower sales, inventory has an opportunity to normalize. A slowdown in 2019 creates a healthier housing market going forward.”
This should be welcomed news to a market that is already grappling with concerns of affordability and inventory.
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