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2020 Real Estate Trends: What You Need to Know

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%) than in 2018 (5%). And this year seems like it will be no different. In fact, real estate gurus predict that home prices will only rise by 2.8% in 2020. So, you’ll likely see home prices continue to creep up, but they pro

The 2020 Real Estate Projections That May Surprise You

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. Mortgage Rates Projections from the experts at the National Association of Realtors (NAR), the Mortgage Bankers Association (MBA), Fannie Mae, and Freddie Mac all forecast mortgage rates remaining stable throughout 2020:

916-718-2979

eXp Realty

2603 Camino Ramon, Ste. 200

San Ramon, CA 94583

BRE# 01878277

Matthew Stewart Real Estate Team at eXp Realty

Broker associate

BRE# 01203051

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