Wow, 2019 was quite a year for the U.S. housing market. Median home prices went all the way up to $316,000—a record high! Will 2020 bring more of the same results? How will the housing market shake out in the current economic climate? Whether you’re selling, buying or staying put, here are the 2020 real estate trends you need to know! Real Estate Trend #1: Home Prices Are Still Rising Slowly Okay, let’s start with home prices. Overall, home prices grew slower in 2019 (3.3%) t
This will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing market can be challenging. As a result, taking a look at the combined projections from the most trusted entities in the industry when it comes to mortgage rates, home sales, and home prices is incredibly valuable – and they may surprise you.