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This coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation. But the biggest issue the housing market will face in 2020 is an inventory shortage. There aren't enough homes on the market for buyers, especially on the lower end of the market. This is a topic that has come up frequently within the past several months.
Based on what is forecasted, we know that interest rates are projected to remain low and that appreciation is expected to continue as we move into 2020. Additionally, the upcoming election will provoke many unique perspectives on the health of the US housing market. The challenge will be understanding what is actually happening and how you can best position yourself if you are thinking of buying or selling your home.
The most important thing you can do is understand what is happening in your local market. You may not be able to avoid some of the issues brought on by low inventory, but you can be educated and prepared. Let's connect and discuss the options that make the most sense for you and your family.
The Biggest Issue Facing Housing Next Year
Lela Ashkarian & Natalie Ardis
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First: What’s the definition of a buyer’s agent?
A buyer’s agent is pretty much exactly what it sounds like: A real estate agent who is legally licensed to help a person find a home and represent them throughout the entire home buying transaction.
Luxury Island Properties | International President's Elite
Coldwell Banker Schmitt Real Estate
Lela: 305-395-0814|Natalie: 305-481-3317