Posts from February 6th, 2020
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2026 | 13 Posts
- 2025 | 47 Posts
- 2024 | 39 Posts
- 2023 | 35 Posts
- 2022 | 58 Posts
- 2021 | 13 Posts
- 2020 | 25 Posts
- 2019 | 11 Posts
- 2018 | 1 Posts
- 2017 | 42 Posts
- 2016 | 66 Posts
- 2015 | 24 Posts
- 2014 | 64 Posts
- 2013 | 44 Posts
- 2012 | 38 Posts
- 2011 | 79 Posts
- 2010 | 38 Posts
- 2009 | 35 Posts
- 2008 | 1 Posts
6
Buyer Confidence and Low Mortgage Rates Will Drive the Market in 2020
Look for prices to continue to increase in 2020, as demand continues to exceed supply in affordable homes, and more first time buyers enter the market. REAL Trends analysis shows there is no correlation between a presidential election year and housing sales. Buyer confidence, historically low mortgage rates and the availability (or lack thereof) of inventory will determine home sales in 2020. Across our region in 2019, 2% fewer properties sold than in 2018, but sales volume was up 2% because the average sales price was up 4%. There was considerable variation from market to market, which can be seen on our Regional Activity Chart below.
Forecast for 2020
1. Appreciation and Price Increases Will Continue
In our region, homes appreciated from 2.02% to 3.52% last year...
