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2020 Market Forecast

2020 Market Forecast

January 7, 2020

 

National Housing Forecast 2020: Housing markets search for new balance

– Home price growth will flatten, with a forecasted increase of 0.8 percent
– Inventory will remain constrained, especially at the entry-level price segment
– Mortgage rates are likely to bump up to 3.88 percent by the end of the year
– Tight inventory and rising mortgage rates will lead to dropping sales
– Buyers will continue to move to affordability, benefiting mid-sized markets 

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