Expert Insights on the 2020 Housing Market


Expert Insights on the 2020 Housing Market | Simplifying The Market

When closing out another year, its normal to wonder whats ahead for the housing market. Though there will be future inventory issues, we expect interest rates to stay low and appreciation to continue.

Heres what three experts are saying well 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 phasesellers 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 lowerThese 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 weve become accustomed to the last few yearsconsumers will continue to absorb available inventory and the market will remain competitive in much of the country.

As we can see, were 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 youre wondering whats happening in our local market, lets get together today.

Content previously posted on Keeping Current Matters

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Communities in Fort Bend County Texas
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Real Estate Market Insider
https://www.ftbendhomesearch.com/mimarket/zip/77406/


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Post Category: Neighborhoods & Communities, Active Adults (Age 55+), Affordable Housing

Local  Fort Bend

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