Reasons Why 2019 is An Important Year For Housing

by Fireside Realty Group 06/02/2019

Winter season is gone; homebuyers are warming up to get the best house available. It is not out of place for several questions or thought to run through their mind. Questions like - is 2019 a good year to buy a home?

The good news is that 2019 is a critical year for housing. Below are some reasons to consider this year a good year to buy a home:

Mortgage rate decreased at the end of 2018

One of the reasons why we think the year 2018 as a good year for housing the reduction of mortgage rate towards the end of 2018. You will notice that the rate increased during the first half of the previous year then it decreased towards the end of the year. Now, the mean rate for a thirty-year fixed mortgage in the first week of January was 4.51 percent. 

Some home buyers took advantage of this reduction in mortgage rates by purchasing during the early months of 2019. It is a wise decision to invest at this time because the price could increase as we move further into the year. 

Prevalence of price reduction among sellers 

Another convincing reason why 2019 is a good year for housing is that prevalence of price reduction among home sellers. Years back, home sellers took advantage of the competition among buyers. The case is different now; more homes on the market means the overabundance of buyers does not exist any longer. Therefore, 2019 is expected to be a year of significant price reduction in the real estate market. 

There are more negotiating leverages for home buyers in 2019

A lot of home buyers have more negotiating leverage in 2019. There is a change taking place in many real estate markets all over the country. Sellers are looking for ways to attract buyers because of lack of patronage. It is evident that the real estate market is on the decline, and there are data available to bolster that.

Home buyers in 2019 can make use of this opportunity; this period is the best for housing as they could have more negotiating leverage when compared with buyers who purchased several years back. 

The unemployment rate is low 

The reduction in employment is one of the factors that boost the financial means of buyers and make them confident enough to buy a house. A stable source of income will enable buyers to stay faithful to their monthly mortgage payment. The unemployment rate of the United States of America was down to about 3.7% as of November 2018 with the addition of more than 155,000 jobs in that month.

For more information about the buyers market in your local area, talk to your real estate agent for the most recent numbers.

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Fireside Realty Group

The Fireside Promise

5-Star Customer Experiences

We don’t just talk about it. We are about it.

The number one promise at Fireside Realty Group is to always put our client and their needs first. For this reason, providing expert service during every step of the real estate process is nonnegotiable and is something our clients can expect. Our expert staff manages every part of the transaction – Sales, Staging, Photography, Contract-to-Close, Listing Management and Marketing, Technology and Systems, Mortgage Lender Referrals, and Make-Ready Services – to ensure our client’s have a 5-Star Experience. 

How is this different?

Traditional brokerages have little or no concern with the client (buyer/seller) and leave it 100% up to their self-employed real estate agent to deliver the knowledge and service (or lack thereof). This means there is no consistent quality or standard of care and limited service by virtue of the capacity of a single agent. All of this can be risky for the customer. 

Real Estate Specialization & Expertise

Being a “jack of all trades” is a thing of the past.

Mediocrity is not an option at Fireside Realty Group, which is why our agents have areas of specialization and work as experts in their specialty. This means that every Fireside client will work with a real estate professional who has the knowledge and expertise to tend to their specific real estate concerns. You wouldn’t go to a cardiologist to solve a problem with your foot – you would go to a podiatrist! So for instance, why buy a mountain investment property from a typical agent who owns no mountain investment property? 

How is this different?

At Fireside you work with a team of expert agents who are trained to help with a variety of specific real estate needs. If you have a need that isn’t a fit for the agent you are currently working with, we will gladly refer you to another expert, or even outside the company if that is the best course of action…which is not the case in most brokerages.

Technology Delivered

It’s not just a shiny penny!

We invest in and use technology to ensure that Fireside Realty Group operations makes good on our promise of a 5-Star Experience. We have carefully tested and filtered out the gimmicks from the tools that really work. ALL agents are trained to use our technologies, tools, and systems in order to deliver the level of service that is required.

How is this different?

Other brokerages leave technology choices up to their agents. What this means is a lack of consistency because each agent uses a different system and operates based on their own individual preferences. We think you and your home or investment are too important to leave it up to a lone ranger agent and whatever tools they have at hand. 

Our Leaders = Practitioners

We Practice What We Preach.

All Fireside agents have personally purchased and sold at least five homes, so they have first-hand knowledge of the client-side experience. This has shed light on areas in which the real estate experience was lacking and needed improvement. Our leaders have taken that learning and built a solid foundation for Fireside in which they continue to work in and improve all facets of the company including sales, contract-to-close and client responses in order to truly understand . 

How is this different?

Other real estate companies are filled with sales managers and leaders who are full of good intentions but have no experience working with the buying/selling customer, or whose experience is no longer relevant in today’s market. In these companies, the systems, tools, and advice for customers comes from theory or outdated practices.