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What to Expect in 2019

CC Underwood

I lead the Sellin' With CC Team. I was born and raised in Jacksonville and I love this City, love our Jaguars, and love to raise my family here...

I lead the Sellin' With CC Team. I was born and raised in Jacksonville and I love this City, love our Jaguars, and love to raise my family here...

Jan 4 2 minutes read

Trends in 2019

The market is changing and we go over the most important things you need to know going into the new year. Are you a buyer? Make sure you keep an eye on interest rates. Thinking about selling? Make sure you are priced to sell because it will be a competing market. 

2018 Market

  • From extreme sellers market with multiple offers until the shift started in June to market correction
  • Market correction - buyers see correction first because interest rates go up which means homes get more expensive and sellers lose buyers
  • We have seen about 6 years of increases in prices, interest rates, etc. and people move every 2-3 years and we have now started to see the change

2019 Market

  • Some market predictions include sales to increase
  • Price crunch on home sellers due to current rise of interest rates to 5.75% - 5.85%
  • When interest rates, if you are seller, your pool of buyers goes down
  • Sellers must drop the price in order to compete with their neighbors and not sit on the market

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