According to the experts, 2020 is looking bright when it comes to the housing market. Let’s connect to talk about how these numbers can bring you one step closer to homeownership this year.
According to the experts, 2020 is looking bright when it comes to the housing market . This may be your year either buying or selling a home in Vero Beach as property values are expected to appreciate while interest rates continue to hover at historic lows. Here are 3 reasons why the experts are bullish for 2020.
- Homes in 2020 are expected to appreciate on the average by 3.2% nationally and by an average of 2.8% here in Vero Beach.
- Home sales are expected to rise on the average by 5.8M nationally Every time you pay your mortgage, you are building your family’s wealth.
- Mortgage Rates are expected to remain low at an average of 3.725%.
Here’s a look at what some of the top experts are saying about the 2020 housing market.
Freddie Mac
“We expect Mortgage Rates to remain low over the next 2 years averaging 3.8% in 2020 and 2021.”
Frank Martell, President and CEO of CoreLogic
“We expect home prices to rise at least another 5% over the next 12 months.”
Doug Duncan, Chief Economist at Fannie Mae
“We now expect single-family housing starts and sales of new homes to increase substantially, aided by a large uptick in new construction…”
George Ratiu, Senior Economist at Realtor.com
“Housing remains a solid foundation for the US economy going to 2020.”
Thinking of buying or selling a home this year? Let’s connect and so that you have the information you need to make the best decision for you and your family. Just fill in the form below and I will get in touch with you to discuss your options.
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