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In the recent report by realtor.com economic research team using a wealth of housing data, here is what we might expect as the forecast for 2019 home buyers and sellers.

 

There will be more homes for sale, especially in luxury markets. The persistent super-tight home inventory will get some relief, even though the surge may not be enough to keep up with the demand. According to the report, the nationwide inventory actually hit its lowest level in recorded history last winter. This year, however, it finally started to recover with that expected to continue into next year, even if at a mid 7% gain.  Read more...

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According to realtor.com, numbers are showing people moving to the West and South, and away from the Northeast and Midwest. Ken Gronbach of KGC Direct says “Cities where taxes are low and housing costs are reasonable will see a huge influx of people over the next five to ten years.

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