The year of 2018 has definitely served as a seller’s market, but real estate experts are predicting that 2019 is going to be a much slower year. Even with this prediction, LendingTree claims that there really is no reason to think that this decrease in productivity will be extremely harmful. In fact, the professionals at LendingTree claim that the slow down that the market has been experiencing will be a brief one, and mortgage rates will end up climbing by 5.5%.
- According to Lending Tree predictions, mortgages should rise 5.5% in 2019.
- Lending Tree analysts predict that the overall, short and longterm prospects for housing are good.
- “Demographics are going to continue to support demand;”so says a key spokesperson for Lending Tree.
“In its 2019 forecast, LendingTree predicts slower sales will give rise to an increase of inventory, which could benefit lenders and homeowners.”