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Market Perspective

Market Perspective: 2020 Housing Market Forecast - Predictions according to the experts
Home Value Barometer: Up 2.8% Zillow, Up 3.6% NAR, Up .8%, Up 2.8% Freddie Mac
The South to Heat Up, California to Cool Down
Double Rainbow: Home Building Could Fuel Economy, Deter Risk of Recession

“Increased home building can serve as a stimulator for the overall economy, and we strongly encourage more homes to be built as buyer demand remains strong.”

— NAR President Vince Malta

New Home Sales: Expected to Rise
Single-Family Home Sales: Expected to Rise
Existing Home Sales: Expected to Rise
Cold Front May Freeze Inventory to Historic Lows
Solid Buyer Demand + Older Homowners Staying Put = Continued Inventory Shortgage
4.8 million millennials hitting peak homebuying age resulting in more bidding wars.
Rising purchases to put a chill on refinances.
Will FED raise rates? Most say no.

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