June 17th, 2019
More signs that a buyer’s market is upon us. A new study from Fitch ratings found that home price growth has reached its slowest point in nearly 7 years. Q1 of this year saw a 1% drop (down to 3%) in annual home price growth compared to Q4 of 2018. Fitch described this slow down as the market going “from a gallup to a trot.” At the same time, interest rates are way down, supply is growing, and the buyer’s market is in full bloom. As a loan officer, this is a highly opportunity time to load up your pipeline with pre-approval applications and purchase applications. As we’ve said many times before, when the economy gives a gift, you take it and pass it on to as many people as possible. Mine your database, do some outbound calling, let potential home buyers know of the favorable conditions, and stack your pipeline to have a rockin’ summer.