The housing market in the us. Total housing inventory at the end of october was 177 million units.
Housing market will continue to slow in 2020 as inventory reaches historic lows and economic uncertainty prompts consumers to pull back on.
Real estate housing market 2020. The year 2020 is a real inflection point says mark zandi chief economist at moodys analytics. What to expect from the housing market in 2020 share share on facebook. Could enter a recession in under five years with online real estate company zillow predicting that it will happen in 2020.
See more on the california housing market florida real estate market los angeles housing market san diego housing market and a thorough report on us housing on the managecasa property management softwares website. For investors like the low income housing tax credit lihtc are around in 2020 private. Discussing the nationwide real estate market is like discussing the nationwide weather it isnt very useful or meaningful except as an insight into trends affecting many markets simultaneously.
National real estate brokerage remax reports that in october 2019 the inventory for homes for sale was 9 lower than the same month in 2018 across 54 metro areas. Given they and the housing market will have to support gdp jobs and housing demand there is a real threat of a housing crash. There arent expected to be many sellers in 2020 however.
A glimpse of what to expect in real estate in 2020. Us consumers are becoming less optimistic. Housing and real estate experts are out with their 2020 market predictions and theyre well worth a look especially if youre in the market for a new home next year or looking to sell.
Overall home buyers can expect the housing market to remain stable in 2020. Its natural for homes to increase in value a few percentages each year. All real estate is inherently local after all.
This sentiment appears to be validated by economists lenders and builders alike. 8 real estate market predictions for 2020. The low inventory trend at least compared.
A residential real estate.
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