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Housing 2020: Clear Vision to the Future

Writer's picture: Rob PurnellRob Purnell

2020 is not just a new year, but the symbol for clear vision. Let's take a quick look at the housing market to get clarity on where the opportunities lie for both buyers and sellers.


Economic and housing market dynamics will stay strong in 2020.


Both unemployment and interest rates are at historic lows. These two factors continue to drive strong activity in the housing market.

Housing inventory is tight and getting tighter. This means more competition for each house for sale.

Home values will grow modestly, but pricing has become more rational and comprehensible.


Is it a good time to buy or sell? Consumer sentiment suggests people are hesitant to buy, but real estate will continue to be the #1 creator of long-term wealth for the majority of Americans.


Remember, real estate is the ultimate leveraged investment, creating far more wealth with small price increases than the stock market ever will. (And you get to enjoy it in the meantime.)



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DRE #01351519 | ©2023

Compass is a real estate broker licensed by the State of California and abides by Equal
Housing Opportunity laws. License Number 01991628, 01527235, 01527365. All
material presented herein is intended for informational purposes only and is compiled
from sources deemed reliable but has not been verified. Changes in price, condition, sale
or withdrawal may be made without notice. No statement is made as to the accuracy of
any description. All measurements and square footage are approximate. If your property
is currently listed for sale this is not a solicitation.

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