Monthly Mortgage Market Trends

September 2018

September Mortgage Trends Insight
image

NICOLE RUETH

Producing Branch Manager

September 5th, 2018 – As a proud member of DMAR’s Market Trends Committee, the Top Producer at Fairway Mortgage, and an owner of 19 investments, it pains me to see people sitting on the sidelines of the housing market due to fear. The news headlines of increased inventory, softening markets, and an impending doom of another housing crisis paralyze homebuyers and sellers. Understanding the DMAR market trends data and its insights allows us as professionals to support our clients in building multi-generational wealth instead of waiting for something that might or might not happen.

We have now seen the 4th straight month of increased housing inventory. In fact, month over month in August, we saw an increase of 7.65%. This is the highest month over month increase in all recorded time.  For comparison, the average month over month from July to August is -0.16%. National inventory is also starting to net positive as well. This is a great sign. NOT a time to worry about a recession that is not here. So, let’s talk about the recession… a recession does not mean a housing bust.  A recession is defined by two consecutive quarters of GDP decline and this recession will be, by all expert’s commentary, a geo-political recession.  And, in fact, it will be the housing market that pulls us out of it. 
 
What the increase in inventory does give us, however, is relief from the high appreciation values we’ve been experiencing for the last five years. Year-over-year appreciation of our median home prices dropped to 8%.  This is great news for our first-time homebuyers who have been priced out of the market. It’s also great news for anyone coming into the market as opportunities for home wealth continue to be abundant.  
 
With appreciation continued at more steady levels and interest rates on the rise again; now is the time to jump into the market. The Federal Reserve Board has been watching the Core Inflation Rate, which has now reached its 2% target. With that, the Federal Reserve no longer needs to hold back on raising interest rates, which is expected to happen this month and again in December. So, next year, that home will cost you 8% more and 0.5% to 1% more in interest.

Watch Insight Video

Why The Rueth Team?

The Rueth Team is dedicated to our clients success. It is this driving mission that keeps our team constantly learning and pushing beyond our boundaries. We find the solutions other lenders simply can’t (or won’t). We make a commitment to each borrower, fulfilling it with hard work, constant communication and creative problem solving. When a referral partner gives our name, they are confident knowing they are giving their clients the best chance of a smooth, successful experience.

Learn More
 
agent

DENVER METRO’S #1 REALTOR LUNCH AND LEARN SERIES

Sponsored by the Nicole Rueth Team

NO OBLIGATION TRAINING: Market Mastery & “Done for You” Marketing tools delivered every 3rd Thursday (occasionally Tues) of the Month so you MAKE MORE MONEY! Nicole Rueth with Fairway Independent Mortgage Corporation, together w/ guest speakers from a range of professional disciplines, will be presenting monthly updates on industry statistics and market news you can use to help educate and motivate your buyers and sellers. Walk away with talking points, slides & information to set yourself up as an industry expert.

ARE YOU AN AGENT INTERESTED IN CONTINUING YOUR EDUCATION? RESERVE YOUR SEAT TODAY!

Contact Info

303-214-6393
nrueth@fairwaymc.com   750 W Hampden Ave Suite 500 Englewood, Colorado 80110, United States

 

Have A Question?