Home price growth reaches 6-year low and new home sales fall 11% from previous month according The District of Columbia Association of REALTORS® (DCAR).
Home prices have been growing faster than wages since 2012, and that can't go on forever. Now that price growth has slowed down and more homes are sitting on the market, buyers will have the upper hand in 2019.
Economic uncertainty brought on by global trade tensions, stock market volatility and the government shutdown also isn’t helping. In this environment, potential home buyers can be reluctant to make a large purchase such as a house.