What Buyers Can Expect For Real Estate in 2020

Dated: October 18 2020

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What Buyers Can Expect For Real Estate in 2020

Predicting the housing market should be an Olympic event; everyone loves to

predict the ups and downs of the real estate market. As we enter 2020 consumers

are wondering if it’s a good time to buy? What can homebuyers expect this year

and is it time to move?

Housing Market Trends 2020

Most analysts agree that 2020 should see a continuation of the momentum built-in 2019. The foundation for growth is strong with low unemployment numbers, higher household incomes and high consumer confidence.

Additionally, we are starting to see more Millennials enter the housing market than ever before.

Housing Stocks

More and more investors are realizing the value of adding real estate to their

portfolios. Shunting the hassle of owning rental properties, many of these

investors, as well as new participants, are turning to REITs for investment

diversification. REITs that are based on hard assets provide stability as well as

liquidity, making them very popular.

The types of properties held in these funds are changing also. In addition to

commercial and large scale buildings, many funds are adding smaller homes to

their portfolio – taking advantage of the growing down-sizing trend as Baby

Boomers move to their next home.

Market Picture for Buyers

Overall, buyers should find a nice selection of homes from which to choose.

Interest rates are expected to remain reasonable and home prices should flatten

a bit with the increased inventory of homes. All-in-all, 2020 should be a

continuation of the past year with no extreme moves expected in the market.

Blog author image

Susan Banks

Susan Banks Strives for excellence by serving her clients with the utmost care throughout what can be the most stressful times of buying and selling homes. She provides exceptional service by explain....

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