Categories: Market TrendsMortgages & Financial Info

2020 Housing Market Predictions – COVID-19 Update

Realtor.com Update

  • Home price growth will flatten, with a forecasted increase of 1.1 percent
 
  • Inventory will remain low, but the rate of decline steadies and the mix of homes for sale shifts toward greater availability of lower-priced homes
 
  • Mortgage rates remain low and may slide under 3 percent by the end of the year
 
  • Home sales are constrained by low inventory and diminished seller and buyer confidence as the effects of COVID linger in the labor market
 
  • Buyers seeking affordability and space drive interest in the suburbs 
admin

Leave a Comment
Share
Published by
admin
4 years ago

    Related Post

Recent Posts

156 8TH STREET N, ST PETERSBURG, Florida 33701

County: Pinellas Subdiv: ARLINGTON & 8TH TWNHMS Beds: 3 Baths: 3/1 Style: Townhouse Pool: None Pets: Breed Restrictions, Cats OK, Dogs…

4 years ago

855 CENTRAL AVE, #609, ST PETERSBURG, FL 33701

855 CENTRAL AVE, #609, ST PETERSBURG, FL 33701 3 bedrooms, 2 bath, $3,833/mo 6 WEEKS…

4 years ago

Historic Uptown, St. Pete, FL

Historic Uptown, St Petersburg, FL Historic Uptown has become one of the most desirable areas…

4 years ago

Why Sell Now?

America is making its way out of one of the worst housing crises in history.  Currently, the housing…

7 years ago

2015 Profile of Home Buyers and Sellers

8 years ago

A Hurricane Is Coming: Are You Ready For It?

As the Tampa Bay community is preparing to deal with the potentially damaging winds and…

9 years ago