Do you want content like this delivered to your inbox?
Share
Share

Rising Interest Rates and Housing Market Outlook in 2019 - An In Depth Look With Matt Weaver

Gia Freer

As one of the Brokers and the Office Manager, it's my pleasure to make sure every seller is satisfied and that every buyer is aware of your listing! ...

As one of the Brokers and the Office Manager, it's my pleasure to make sure every seller is satisfied and that every buyer is aware of your listing! ...

Aug 24 3 minutes read

We Spoke with Matt Weaver, Vice President of Sales for CrossCountry Mortgage here in Boca Raton and a regular CNBC contributor, for his take on the housing market, interest rates and the actions of the Federal Reserve. 


We posed a number of questions to Matt: 

1. Can you explain to our viewers in layperson's terms why interest rates are increasing?  

2. What are you anticipating from the Federal Reserve for the duration of 2018 and into 2019 as far as rate increases are concerned? 

3. What impact will several increases to the Fed Funds Rate have on 30-year fixed rate mortgage rates going forward? 

4. What housing market conditions are you expecting in 2019? 

5. Given what we've talked about today, what suggestions would you recommend to sellers and buyers looking to make a move within the next 6-12 months? 

 

Watch our interview with Matt Weaver, Branch Manager and Vice President of Sales at CrossCountry Mortgage, to gain these answers and more insight to our market now and in 2019:

Review the Palm Beach County Market Statistics for July in Detail Here:

SINGLE FAMILY HOMES July 2018 July 2017 % CHANGE
Closed Sales 1,534 1,509 ⬆️ 1.7%
Closed Sales (Paid in Cash) 517 475 ⬆️8.8%
Median Sale Price $350,000 $336,000 ⬆️ 4.2%
Median % of Original List Price Received 94.7% 95.1% ⬇️ -0.4%
Median Days to Contract 47 37 ⬆️ 27%
Inventory (Active Listings) 6,723 7,086 ⬇️ -5.1%
Months Supply of Inventory 4.7 4.8 ⬇️ -2.1%
TOWNHOUSES/CONDOS July 2018 July 2017 % CHANGE
Closed Sales 1,180 1,075 ⬆️ 9.8%
Closed Sales (Paid in Cash) 645 632 ⬆️ 2.1%
Median Sale Price $190,00 $172,500 ⬆️ 10.1%
Median % of Original List Price Received 93.9% 93.3% ⬆️ 0.6%
Median Days to Contract 53 55 ⬇️ -3.6%
Inventory (Active Listings) 5,692 5,943 ⬇️ -4.2%
Months Supply of Inventory 5.1 5.4 ⬇️ -5.6%

The Palm Beach County market statistics are courtesy of your REALTOR®, a proud member of the Realtors® Association of the Palm Beaches (RAPB). RAPB represents over 14,000 members involved in all aspects of residential and commercial real estate.

Looking to Buy or Sell a Palm Beach County Home?

.

Are you curious what your home is worth?

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info