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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% Realtor.com, 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.

    Written by James Lynch on . Posted in Uncategorized

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