"Inventory will continue to increase next year, but unless there is a major shift in the economic trajectory, we don't expect a buyer's market on the horizon within the next five years," said Danielle Hale, chief economist for realtor.com®. "Unfortunately for buyers, it's only going to get more costly to buy, especially the most-demanded entry level real estate. To be successful, buyers should think through how they'll adapt to higher rates and prices."
"Home price growth will continue to slow, with a forecasted increase of 2.2 percent; meanwhile, inventory increases will remain moderate with less than a 7 percent increase. High-priced markets will buck the trend, with double-digit inventory gains."
"Rising mortgage rates and Boston condo sale prices will make it more difficult to buy or sell a home next year, according to realtor.com®'s analysis. The 2019 market will see modest inventory gains, but with mortgage rates expected to hit 5.5 percent by the end of the year, monthly mortgage rates and payments will rise 8 percent, putting Boston condo ownership more out of reach, especially for younger Gen-Z and Millennial buyers."
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