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What Buyers Can Expect For Real Estate in 2020

Writer's picture: Erica SfadiaErica Sfadia

Predicting the housing market should be an Olympic event; everyone loves to predict the ups and downs of the real estate market. As we enter 2020, consumers are wondering if it’s a good time to buy? What can home buyers expect this year and is it time to move?


Housing Market Trends 2020

Most analysts agree that 2020 should see a continuation of the momentum which built in 2019. The foundation for growth is strong with low unemployment numbers, higher household incomes and high consumer confidence. Additionally we are starting to see more Millennials enter the housing market than ever before.


Housing Stocks

More and more investors are realizing the value of adding real estate to their portfolios. Shunting the hassle of owning rental properties, many of these investors, as well as new participants, are turning to Real Estate Investment Trusts (REITs) for investment diversification. REITs that are based on hard assets provide stability as well as liquidity, making them very popular. The types of properties held in these funds is changing also. In addition to commercial and large scale buildings, many funds are adding smaller homes to their portfolio – taking advantage of the growing down-sizing trend as Baby Boomers move to their next home.


Market Picture for Buyers

Overall, buyers should find a nice selection of homes from which to choose. Interest rates are expected to remain reasonable and home prices should flatten a bit with the increased inventory of homes. All-in-all, 2020 should be a continuation of the past year with no extreme moves expected in the market.

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   Erica Sfadia                 (818) 903-0265                     EricaSfadia@Gmail.com

 

 

 

 

 

 

© 2017 by Erica Sfadia All Rights Reserved.

© 2024 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

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