Planning for a successful financial future means keeping your eyes on trends and if investing in real estate, like many do, knowing when the market is at its high. So far, 2019 is looking to present a healthy year for the real estate market. With that said, unknowns lie ahead, including an impending presidential election. While no one has a crystal ball to grant a peek into the future, what we do know is that we expect to experience a strong market with some significant tailwinds for continued growth. Plus, even with the unknowns that exist, there are certain universal principals that provide more assurance when making long-term financial decisions.
Nationwide, indicators point to a strong economy for the full year of 2019. In fact, according to a report by Deutsche Bank, January produced one of the highest performances in more than 30 years for the S&P 500. Next, the unemployment rate is one of the lowest we’ve seen in nearly 50 years. Keeping this in mind, 2020 and beyond will most likely bring a level of unrest as the political landscape shifts for the upcoming election and hesitation to make large financial decisions typically goes hand-in-hand with this type of climate. The current, strong market fundamentals are a reason to position yourself now for future uncertainty.
Regarding California real estate, there are many critical drivers that are important for potential buyers and sellers to keep their eye on. First, buyers have the advantage of historically low mortgage interest rates, which are nearing 4%. Second, liquidity produced by sustained equity markets has created additional purchasing power for buyers.
“While it’s anyone’s guess how long this strong duo of low interest rates and equities will continue, most expect a degree of softening over the medium-term,” said LIV Sotheby’s International Realty’s Executive Vice President and Financial Officer, Steven Kirby.
Third, inventory is also up over last year in California, meaning that buyers have more choices. Ultimately, when buyers have both the means and the appropriate number of choices, the market is the most efficient, with more deals getting done.
LIV Sotheby’s International Realty is uniquely positioned to represent buyers and sellers at all price points. While brokers at LIV Sotheby’s International Realty don’t necessarily have a crystal ball, they do carry the tools for a successful transaction, including a global connection to the Sotheby’s International Realty brand, combined with a local expertise within California. Years and years of experience, combined with a network of colleagues across the globe, affords the opportunity to understand the complex cycles and real estate landscape locally, nationally and globally. Better informed and experienced than any other local brokerage, LIV Sotheby’s International Realty brokers hold the closest thing to a crystal ball to see into a prosperous financial future. So, whether you are seeking your first home purchase, an investment property, looking to sell your home, or put a stake in the sought-after resort market, rest assured with a trusted LIV Sotheby’s International Realty advisor.
All in all, the real estate market we are currently experiencing is healthy with a pronounced lack of volatility, increased options for buyers, and a more robust buyer pool.
For the highest level of integrity, professionalism, and expertise, contact LIV Sotheby’s International Realty today.
Written by Kelli Williams, Director of PR, LIV Sotheby's International Realty Article originally published by LIV Sotheby's International Realty, www.coloradorealestatediary.com
