Expert Insights on the 2020 Housing Market
When closing out another year, it’s normal to wonder what’s ahead for the housing market. Though there will be future inventory issues, we expect interest rates to stay low and appreciation to continue.
Here’s what three experts are saying we’ll likely see in 2020:
Danielle Hale, Chief Economist at realtor.com
“I think the biggest surprise from the forecast is how long the market is staying in this low inventory environment, especially as Millennials are in a major home-buying phase…sellers will contend with flattening price growth and slowing activity with existing home sales down 1.8%. Nationwide you can look to flat home prices with an increase of less than 1%.”
Mike Fratantoni, Chief Economist at Mortgage Banker Association (MBA)
“Interest rates will, on average, remain lower…These lower rates will in turn support both purchase and refinance origination volume in 2020.”
Skylar Olsen, Director of Economic Research at Zillow
“If current trends hold, then slower means healthier and smaller means more affordable. Yes, we expect a slower market than we’ve become accustomed to the last few years…consumers will continue to absorb available inventory and the market will remain competitive in much of the country.”
As we can see, we’re still going to have a healthy market. It is forecasted to be a more moderate (or normal) market than the last few years, but strong enough for Americans to continue to believe in homeownership and to capitalize on the opportunities that come with low interest rates.
Bottom Line
If you’re wondering what’s happening in our local market, let’s get together today.
Honoring the Significance of Indigenous Day
Indigenous Peoples’ Day celebrates, recognizes, and honors the beautiful traditions and cultures of the Indigenous People We take a stand for and support the indigenous people on this day. We should also offer our support to those who invest and uplift the indigenous...
Avoid Mortgage Mistakes Buyers Make: Expert Tips
Key mortgage mistakes to avoid include not getting pre-approved, overlooking credit scores, and failing to compare mortgage options. Buyers should budget for total homeownership costs, including property taxes and maintenance. Skipping home inspections and neglecting...
Top Strategies to Sell Your Home Fast in 2025
Price your home right from day one to attract more offers and avoid sitting on the market too long. Boost curb appeal with simple upgrades—fresh paint, landscaping, and clean entryways make a strong first impression. Use professional photos and staging to showcase...
5 Smart Tips to Save Money on Home Closing Costs
Closing costs can add up to more than $10,000, but buyers have strategies to reduce them. Local banks may offer grants, credits, or fee waivers that cut costs without repayment obligations. Conventional loans with larger down payments often reduce costs compared to...
5 Key Takeaways: How to Negotiate to Cut Costs When Closing on a Home
Homebuyers can save money by negotiating key aspects of the purchase, including repairs found during inspections, closing costs, and the closing date. Buyers may also negotiate for home contents like appliances and furniture to be included, as well as for sellers to...
Chasing 4%: The Future of Mortgage Rates
Mortgage rates are expected to gradually ease over the coming years, though a return to 4% remains a longer-term possibility. Past 4% levels were achieved during periods of strong monetary support, showing rates can fall when economic conditions shift significantly. A...
Will 2029’s Home Prices Surpass Pre-Bubble Levels?
National home prices expected to rise by 19.8% through 2029, averaging 3.7% annual growth. Price Growth 2025 (+3.4%) 2026 (+6.8%) 2027 (+10.8%) 2028 (+15.2%) 2029 (+19.8%)
8 Tips for First-Time Home Buyers
First-time homebuyers should save for a down payment, typically 20%, and budget for additional costs like fees, moving, and furniture. Choose a neighborhood that fits long-term needs, prioritize must-haves, and get a home inspection to avoid surprises. Use a mortgage...
5 Reasons Enticing Me to Buy a Home Before 2025 Ends
Slide 1 Mortgage rates dropped to around 6%, down from the 7.79% peak in 2023. Slide 2 Housing supply rose 15.7% in 2025, giving buyers 1.55 million homes to choose from. Slide 3 Home prices are still high but rising slower, with just 2.9% annual growth mid-2025....
22 Real Estate Investment Strategies
Real estate investing offers strategies for wealth building, passive income, and portfolio diversification, including buy-and-hold, fix-and-flip, REITs, and rental property diversification. REITs have shown stability and often outperform stocks over time, while...