3 Things to Know in the Housing Market Today!


3 Things to Know in the Housing Market Today! | MyKCM


A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet.

The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown.

1. Interest Rates

One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money. In our recent post we posed the question, “Are Low Interest Rates Here To Stay?” The latest information from Freddie Mac makes it appear they are. We are currently at a 21-month low in interest rates.3 Things to Know in the Housing Market Today! | MyKCM

2. Building Materials

Talk of tariffs could also affect the housing market. According to a recent article, the National Association of Home Builders reports that as much as $10 billion in goods imported from China are used in homebuilding. Depending on the outcome of the tariff and trade discussions between several countries, there could be as much as a 25% boost in the cost of building materials.

3. Economic Slowdown

In a prior blog post on this topic, we began the year with many economic leaders thinking we could expect a recession in late 2019 or early 2020. As spring approached, we reported that economists had started to push that projection past 2020.  Now, three leading surveys indicate that it may begin in the next eighteen months.3 Things to Know in the Housing Market Today! | MyKCM

Bottom Line

We are in a strong housing market. Wages are increasing, home prices are appreciating, and mortgage rates are the lowest they have been in 21 months.  Whether you are thinking of buying or selling, it’s a great time to be in the market.

Put your home in Marty's hands

Finding the The Remo Team was just what I needed to make selling my home as painless as possible. Working with Marty was truly a pleasure. He always went the extra mile.. Literally! Selling my second home, which was over 60 miles from where I currently reside, came with many challenges.. All of  which Marty was fully equipped and ready to handle. His presentation of the home was stunning, right down to the professional walk through video, which I now hold as a sentimental keepsake. I would highly recommend working with the The Remo Team for all of your real estate needs. Put your home in Marty's hands and leave your worries behind!

Excellent client service

Marty Remo expertly crafted a complex deal involving the sale of my home in unique market conditions.  From managing the showing process to negotiating sale terms in the most beneficial way Marty consistently went the extra mile to get us painlessly to the closing table and hopefully into our next  home.  Marty's years of experience and excellent client service skills make him top choice for our real estate needs.

He goes above & beyond in so many ways

I cannot say enough about Marty! He is extremely knowledgeable about so many aspects of the home buying/selling/renting process.  We bought our current home from him & currently use his services for our rental property.  He goes above & beyond in so many ways & has helped us navigate through the  stresses of buying/selling/renting homes.

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info