Expert Insights on the 2020 Housing Market
When closing out another year, it’s normal to wonder what’s ahead for the housing market. Though there will be future inventory issues, we expect interest rates to stay low and appreciation to continue.
Here’s what three experts are saying we’ll likely see in 2020:
Danielle Hale, Chief Economist at realtor.com
“I think the biggest surprise from the forecast is how long the market is staying in this low inventory environment, especially as Millennials are in a major home-buying phase…sellers will contend with flattening price growth and slowing activity with existing home sales down 1.8%. Nationwide you can look to flat home prices with an increase of less than 1%.”
Mike Fratantoni, Chief Economist at Mortgage Banker Association (MBA)
“Interest rates will, on average, remain lower…These lower rates will in turn support both purchase and refinance origination volume in 2020.”
Skylar Olsen, Director of Economic Research at Zillow
“If current trends hold, then slower means healthier and smaller means more affordable. Yes, we expect a slower market than we’ve become accustomed to the last few years…consumers will continue to absorb available inventory and the market will remain competitive in much of the country.”
As we can see, we’re still going to have a healthy market. It is forecasted to be a more moderate (or normal) market than the last few years, but strong enough for Americans to continue to believe in homeownership and to capitalize on the opportunities that come with low interest rates.
Bottom Line
If you’re wondering what’s happening in our local market, let’s get together today.
Incredible such a important web site.
Say, you got a nice article post. Really thank you! Fantastic. Briny Georgie Arlene
Mereka membuat website dari laman situs taruhan dunia. Federica Harwilll Russi
If you want to use the photo it would also be good to check with the artist beforehand in case it is subject to copyright. Best wishes. Aaren Reggis Sela
I like the valuable information you provide on your articles. Stephannie Zachariah Jehovah
I visited many web pages except the audio quality for audio songs existing at this website is genuinely wonderful. Ebony Artemus Hijoung
Very interesting topic, appreciate it for putting up. Valli Holt Tobin
Hello. This article was extremely fascinating, particularly since I was searching for thoughts on this issue last Saturday. Alaine Sidnee Tarah
I was reading some of your content on this site and I conceive this website is rattling informative ! Keep on posting . Robina Georas Sexton
Everything is very open with a clear description of the challenges. It was really informative. Your website is very useful. Thank you for sharing. Iolanthe Thurstan Fernandez
Fantastic blog post. Really thank you! Keep writing. Quentin Ximenez Dino
You have some helpful ideas! Maybe I should consider doing this by myself. Di Moshe Rubio
только вам линия событий, джой казино 24 клуб отзывы бонус коды joy casino
Way cool! Some very valid points! I appreciate you penning this write-up plus the rest of the site is extremely good. Hyacinth Dene Busch
Please visit the websites we follow, which includes this a single, because it represents our picks in the web. Brooke Hazlett Fawn
I appreciate you sharing this blog article. Keep writing. Datha Kliment Valoniah
Everyone loves it when folks come together and share opinions. Norma Rutledge Hathcock
This is a very respected post. Thanks quest of posting this. Bernette Haydon Sherl
Good post! We will be linking to this particularly great content on our website. Keep up the great writing. Delly Salim Pavior
Thank you ever so for you article post. Really looking forward to read more. Keep writing. Lorine Dino Anton
Just wanna say that this rrot is invaluable , Thanks for taking your time to write this. Allene Hartwell Lowry
PSN Gift Card. This is far to it on his own PSN account. Valaree Jae Maryly
Thankfulness to my father who informed me concerning this blog, this website is truly remarkable. Berny Cesare Gilcrest
Really appreciate you sharing this blog. Thanks Again. Keep writing. Juliann Lawry Chancellor
I really like your writing style, excellent info , thanks for putting up : D. Donica Eduardo Corie
On this console, you will Tekken, Mortal Kombat, MMA. Darleen Lewie Niple