If you’ve been looking at new homes in Kyle and have been waiting for the right time to buy, then you’ll certainly want to know what’s to be expected for the Kyle, TX housing market, as well as the housing market in general, for 2019.
More Homebuying Competition with Continued Population Growth
As more and more people move to the Kyle area, the homebuying market is becoming more and more competitive. With the rise in potential homebuyers, and not a proportionate increase in available homes, you can expect to see housing prices increase. You may also have to do a bit of negotiating and counter offering if you find your must-have home because there will likely be others wanting it as well.
Homes Will Spend Less Time on the Market
With the increase in competition, that also means that available homes are expected to spend much less time on the market. So, if you find a home at Crosswinds that you love, you’ll want to come to our master-planned community and jump on it before someone else does!
Mortgage Interest Rates are Likely Going to Increase
Aside from the Kyle, TX housing market, one thing you can expect to see for the general housing market in 2019 is a hike in mortgage interest rates. While interest rates may not increase at the very start of the new year, it’s best to keep your eye on the market and be ready to act as soon as possible to avoid the expected 5% mortgage interest rate coming in 2019.
While the Kyle, TX housing market is expected to go through some changes in 2019, it’s important to note that these types of changes in the market have been going in this same direction for the past several years. So, don’t let any of that deter you from buying a new home in Kyle in 2019. Come by Crosswinds and take a tour of our master-planned community in Kyle. We’d love to show you around and help you find the perfect home from one of our homebuilders. In the meantime, get to know us by connecting with Crosswinds on Facebook, Twitter and Instagram.
Image from Getty Images. Creative number: 1078470198.