2019 Housing Market Outlook

Slower appreciation, modest inventory gains 
Market Perspective: Facts About the Housing Market
2019 Housing Market Outlook
Here's What to Expect
Moderate inventory gains1 | Shift from Luxury to entry-level construction2 | Slowdown in appreciation | Higher mortgage rates | Increase in home purchase originations5

Fed Rounds Out the Year With Yet Another Rate Hike
Rate Hike Timeline: 2015 to Today6 | Dec 2015: 0.25% - Dec 2018: 2.25%
Revises forecast for 2019 to two rate hikes instead of three | Mortgage rates are still near all-time lows, but they are ticking up

Housing Trends at a Glance
Existing-Home Sales increased in November7
5.32 million - Up 1.9% MoM, marks two straight months of growth | Medianexisting-home price: $257,700 - Up 4.2%YoY | Inventory: 3.9-month supply
Housing Starts jumped 3.2% in November8
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In August, Mortgage Delinquency Rate fell to lowest level in 18 years9
[1] Realtor.com® 2019 National Housing Forecast.
[2] National Association of Home Builders®.
[3] National Association of Realtors® (NAR), November 2018.
[4] Zillow® Research, November 2018.
[5] Mortgage Bankers Association®, October 2018.
[6] Federal Reserve, Federal Open Market Committee (FOMC).
[7] NAR, Existing-Home Sales, November 2018.
[8] U.S. Census Bureau, Monthly New Residential Construction, November 2018.
[9] CoreLogic®, a data and analytics company, Loan Performance Insights, October 2018.


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