US Housing

Key calls for 2019

US Housing Market Update
Written by Capital Economics Economist

Our forecast for a steady decline in mortgage rates over 2019, to 4.3% by the end of the year, is significantly below consensus. But, despite that, we have below-consensus calls for home sales and house price growth. A slowing economy will hit homebuyer confidence and housing demand, and on the supply side we doubt the existing home inventory will see much of an improvement over the next year.