Welcome to 2020! A new year and a new decade could be interesting for the Real Estate Market. A fall presidential election and scuttlebutt about a recession later in the year present difficulty in predicting what might happen. Here are a few things we can predict:
- There will be people who want or need to sell their homes.
- There will be people who are in the market to purchase a home.
- Projections from mortgage experts such as the National Association of Realtors, The Mortgage Bankers Association, Fannie Mae and Freddie Mac predict interest rates will remain stable.
Watch for more predictions on 2020 Home Sales and Home prices in the coming weeks.
Happy New Year!
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