Real Estate Market Monitor with Carol Madden Shugars So a question always asked of Real confidence level in the economy and the years. Bucks County's great schools and tors is How's the market? And many real esate market times, the answer given is Great! quality of lfe ll attract the buyers out of their current dwellings in the cities, Let us consider the fundementals of But ist really? What are the determ Bucks County real estate market today and bring buyers into our local real nating benchmarks for great? Often and recent economic indicators. Here estate market. the simple answer does not explain the are some basic facts that you can use fuller perspective and is a bit more com to guide your own free thinking as to recent stock market volatility has not re estate market conditions are generally moving in a positive or negative direc growth towards the end of 2018 was 42 of the economy. For the past two dec- In Bucks County the average sold job market, as it measured, is operating As for the cconomic indicators, the flected in overal economic growth. GDP percent, the largcst seen in years. The plicated. What is obvious is that real whether the local real csate market is ubject to the overall current condition on for 201S9 ades, the biggest arbiter of how real es price was up by 5 percent for Q4 2018 near full employement, 3.7 percent; a ate conditions evolve are, in some part vs. Q4 2017-it is a strong sellers mar 49-year low. Wages are finally rising at determined by interest rate policics of ket and housing inventory is down by a3 percent rate for the first time since the Federal Reserve. Though, I believe, 10.9 percent for Q4 2018 vs.Q4 2017. e Great Depression. it's more a function of the individual's So, this growing demand, combined perception" of the Fed's policies that ith stable interest ratcs, could producc climb marginally, I think it's ok. The fair intcrest on your savings. It's about has had a great influence in the overall an extraordin arv 2019 housing market Federal Reserve was fairlaggessive urne its b too lon Further, as good Oh my! What to do? If mortage rates about rate increases in 2017 and 2018 consequences of interest rate increas- source for the future is the biggest but have adopted a longer term stance es, the stock market will then adjust to generation in history, the mi since. In my opinion, we will never malized carnings and b less likely Another growing demand to inflate and burst. lenials, roughly 4.7 million in number, Ycs, these millenials of 26-27 ycars of age, are now see mortage rates higher than 6 or 7 percent. What that mcans for you seems Submitted by Keller Williams- Carol Shugars entring their first home-buying hm affordability and higher, more