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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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Mid-Year Housing Market Update: Three Things to Know Today

Mid-Year Housing Market Update: Three Things to Know Today | Simplifying The Market

Shifting trends and industry-leading research are pointing toward some valuable projections about the status of the housing market for the rest of the year.

If you’re thinking of buying or selling, or if you just want to know what experts are saying is on the horizon, here are the top three things to put on your radar as we head into the coming months:

  1. Home prices are appreciating at a more normal rate: Home prices have been appreciating for about ten years now. Experts at the Home Price Expectation Survey, Mortgage Bankers Association, Freddie Mac, and Fannie Mae are forecasting continued growth throughout the next year, although it should be leveling-off to normal appreciation (3.6%), as we move into 2020.
  2. Interest rates are low: Over the past 30 years, the average mortgage rate in the United States has been 8.27%, and rates even peaked as high as 18% in the 1980s. Today, at 3.81%, the rate is considerably lower than the historical 30-year average. Although experts predict it may climb into the low 4% range in the near future, that’s still remarkably lower than our running average, suggesting a great time to get more for your money over the life of your loan.
  3. An impending recession does not mean there will be a housing crash: Although expert research studies such as those found in the Duke Survey of American CFOs and the National Association of Business Economics, are pointing toward a recession beginning within the next 18 months, a potential recession isn’t expected to be driven by the housing industry. That means we likely won’t experience a devastating housing crash like the country felt in 2008. Expert financial analyst Morgan Housel tweeted:

“An interesting thing is the widespread assumption that the next recession will be as bad as 2008. Natural to think that way, but, statistically, highly unlikely. Could be over before you realized it began.”

In fact, during 3 of the 5 last U.S. recessions, housing prices actually appreciated:Mid-Year Housing Market Update: Three Things to Know Today | Simplifying The Market

Bottom Line

With prices appreciating and low interest rates available, it’s a perfect time to buy or sell a home. Let’s get together to discuss how you can take the next step in the exciting journey of homeownership.


GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
836 Creekwood Drive Ormond Beach FL 32174
New Listing - 2 hours on site
1 / 45
$825,000
4
BEDS
3
TOTAL BATHS
2,498
SQFT
836 Creekwood Drive Ormond Beach, FL 32174
Single Family Residence For Sale
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This beautiful 4 bed/2.5 bath + Flex room, spacious 4-car garage home w/heated pool & spa is located in the prestigious Gated Golf Course Community of Plantation Bay! Private preserve views from the expansive screened-in covered lanai AND beautiful L

Listing courtesy of Cliff Glansen of FlatFee.com
1399 Outrigger Circle Rockledge FL 32955
Open House Sun, Aug 3, 12 PM
1 / 47
$499,999
3
BEDS
2
TOTAL BATHS
1,866
SQFT
1399 Outrigger Circle Rockledge, FL 32955
Single Family Residence For Sale
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Welcome to Turtle Creek — where comfort meets convenience in the heart of Rockledge! Step into this beautifully designed home featuring an expansive open layout that's perfect for both everyday living and entertaining. The kitchen is a standout with

Listing courtesy of Eric Zimmerman of Adams, Cameron & Co., Realtors
2916 Bella Flore Terrace New Smyrna Beach FL 32168
New Listing - 3 hours on site
1 / 73
$645,000
4
BEDS
2
TOTAL BATHS
2,175
SQFT
2916 Bella Flore Terrace New Smyrna Beach, FL 32168
Single Family Residence For Sale
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Welcome to 2916 Bella Fore Terrace, a stunning 4-bedroom, 2-bath home advantageously situated on the 10th hole of the Venetian Bay Golf Course within the exclusive gated community of Portofino Gardens. This residence combines luxury, comfort, and low

Listing courtesy of Travous Dever of The Keyes Company

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Related posts:

  1. 2 Trends Helping Keep Housing Affordable
  2. 3 Things to Know in the Housing Market Today!
  3. What Experts are Saying About the Current Housing Market
  4. A Lack of Inventory Continues to Impact the Housing Market

Posted in: Blog, Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Selling Myths

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

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James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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