Housing 2020: Clear Vision to the Future
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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