The U.S. housing market — particularly in cutthroat areas like Seattle, Silicon Valley and Austin, Texas — appears to be headed for the broadest slowdown in years. Housing Market Predictions 2019: Tougher Road Ahead for Home Buyers and Sellers. Washington Home Prices and Home Values. For the past year, economists have predicted a period of strong growth. And what will the real estate market do in 2019 if mortgage rates climb even higher? If this Housing Market Forecast is correct, home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd Quarter of 2018. The days are warming up, but will Seattle’s housing market recapture its status as the nation’s hottest? The housing market forecast was issued in June 2018 and extends into the same month of 2019. According to forecasts,the real estate market in Washington State will continue to be relatively strong into 2020. Look to Kiplinger's Economic Outlooks for forecasts on existing home sales, new home sales and housing starts. Use our patented search to check WA home values, average rental prices, the current housing market and more. This leads to a prediction that both forecasts indicate “cooling” from … But the housing market forecast to keep in mind is that 2020 will be the peak millennial home buying year. The market in Wasington state is currently warm, and the local economy is … Things are clearly on the upswing for buyers in the Evergreen State. ... We are nearing the end of winter market in real estate and the Snohomish County housing market is in a Frenzy state. Stats and opinions on the Snohomish County real estate market. Washington home values have gone up 4.9% over the past year and Zillow predicts they will rise 4.8% within the next year. [FEBRUARY 2020] Housing Market in Snohomish County Monthly Report . As a result, we can expect that demand from millennials will continue to unfold in 2019. Seattle's housing market isn't slowing down, and is, in fact, going to continue to soar, according to a new forecast. Here are the latest trends for the housing market in Spokane, Washington. Furthermore, remember that supply and demand affect the housing market. For the past year, economists have predicted a period of strong growth. “Washington State and Nevada occupy six of the ten highest-appreciating MSAs in the U.S. and the remaining four are in California, Oregon and Idaho,” said Eric Fox, VP of Statistical and Economic Modeling at Veros. The median home value in Washington is $419,923. Looking to buy a home in or relocate to Washington? For at least one group, it’s still not easy to get in on the housing game. They predicted that average 30-year mortgage rates would rise to 4.9% by the fourth quarter of 2018, and inch upward in 2019 as well. Archived Article: “Seattle Housing Market in 2018: Still Warm but not Red Hot” Seattle Housing Market Forecast 2018? Washington State Housing Market Predictions for 2019 Things are clearly on the upswing for buyers in the Evergreen State. The UK housing market is unlikely to see much change in 2019 with a continuation of weakening sales activity, according to the RICS UK Residential Housing Forecast 2019. So, this pent-up demand from millennials in 2020 is likely to move home values up across all price points. Veros predicts housing boom for Washington state. Housing is a huge chunk of the U.S. economy.