US Real Estate Forecast – 2019. While the US real estate market has not always been on the upswing in recent years, Freddie Mac’s September Outlook report states that 1.33 million housing starts are predicted next year-up from 1.22 million in 2017, meaning that new homes are forecast as a primary driver of sales in 2018.
According to Freddie Mac’s latest forecast, the U.S. housing market could heat up during the summer of 2019. They pointed to an increase in home sales, in particular. "Expect total home sales to surpass 2018 levels and reach 5.98 million units in 2019," the reports stated.
Sales forecasting is especially difficult when you don’t have any previous sales history to guide you, as is the case when you’re working on preparing cash flow projections as part of writing a business plan for a new venture. Here, Terry Elliott provides a detailed explanation of how to do forecasting using three common sales forecasting methods.
NAR releases national and regional existing-home sales price and volume statistics on or about the 25th of each month. Each report includes data for 12 months and annual totals going back three years. Reports are available for existing single-family homes, condos, and co-ops. Both median and average prices are included. See Existing-Home Sales.
Houston Housing Market Forecast for 2019. Home prices in Houston rose by around 7% over the past year, according to data compiled by Zillow. Looking forward, their research team predicts that house values will continue rising through 2019 and into 2020 – but at a slower pace than the past year. In January 2019 the group wrote:
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Their responses, summed up in the 2019 real estate forecast below, could help you make more educated choices when it comes to buying and financing a home in the coming year. The good news is that.
Fannie Mae Receives Top Honors for Most Accurate Forecast. In 2016, Fannie Mae’s Economic & Strategic Research Group won the NABE outlook award presented annually for the most accurate GDP and Treasury note yield forecasts. The ESR Group also won the award in 2015, marking the first back-to-back win in the history of the award.