Where is the Housing Market Headed in 2020?

Bill LewisHome Purchasing, Property Ownership

2020 Housing Market Infographic

The Real Estate Market is projected to have a GREAT year in 2020! Interest rates will be stable, as Price Appreciation starts to slow to more normal levels. Sales of New and Existing Homes will climb as more inventory comes to the market.

2020 Housing Market Infographic

Some Highlights:

  • Interest rates will be lower than they have been since before 1980 at 3.8% and are projected to remain steady throughout 2020!
  • According to CoreLogic, home prices will appreciate at a rate of 5.4% over the course of the year.
  • Experts predict that the number of homes sold next year will be equal to or outpace 2019.