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01/13/2019

Redfin predicts big real estate cooldown, with tech hubs like Seattle and S.F. feeling it most.

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The last couple of years have been rough for home buyers — specifically on the West Coast, where an influx of well-heeled techies has upped competition for limited options. But the dynamic started to change in the latter half of 2018, giving buyers a little relief, and tech-powered real estate brokerage Redfin expects that trend to continue into the first half of next year.

Redfin today issued seven predictions for the U.S. housing market, and slowing price hikes means we’re likely to see the coolest housing market in years in 2019. The trend will be felt most on the West Coast in tech hubs like Seattle and San Francisco and other hot markets like Portland, Los Angeles, San Diego, Denver and Honolulu.

Redfin expects annual price growth nationally to sit somewhere around 3 percent over the first half of the year. For several years in a row, price growth exceeded 5 percent, and as recently as the first half of last year it was around 7 percent. https://www.geekwire.com/2018/redfin-predicts-big-real-estate-cooldown-tech-hubs-like-seattle-s-f-feeling/

View Las Vegas condo investment opportunities at https://www.luxrealestateadvisors.com/luxury-real-estate-advisors-current-listings/

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