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Economic forecast: Good news

November 8, 2018 By Geoffrey Disch Leave a Comment

Green Escrow | Real Estate Market News

A recent talk by Lawrence Yun at the Realtors Conference & Expo highlighted the need for new housing inventory and expressed confidence that the real estate market would remain strong. He predicted that around 6 million home sales by the end of 2018 and slightly more in the next few years.

Moreover, home prices will continue to increase but at a modest rate: 4.7 percent this year, 2.1 percent in 2019 and 2.7 percent in 2020.

Yun saw no signs of a housing bubble as the overall economy is strong, the quality of mortgages remains high and there is no danger of overbuilding as in 2008.

The one caveat is the risk of a full-scale trade war which would hurt economic growth and lead to higher interest rates which could move the economy closer to a recession.

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Filed Under: U.S. Economy Tagged With: economy 2019

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“I’ve been in this industry for over 20 years. I have seen both fantastic and just “ok” escrow officers. The Escrow Officer and her team are typically the last stop for a borrower during the purchase or refinance transaction. You want that person and team to be personable, professional and helpful to your client. Kathy and her team at Green Escrow has surpassed my expectations. The team has gone the extra mile to ensure my file closed on time and without incident. I’m looking forward to continued success with Green Escrow.””
by Adina Erridge, Bay Equities Home Loans

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San Ramon, CA 94583
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