2020 Real Estate Outlook: Expert Predictions For Mortgage Rates, Home Prices, Tech, And More
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The 2019 housing market has been one of the low rates, high demand, and limited supply—particularly on the lower-priced end of the market. Will 2020 be more of the same? According to experts, yes and no.
Home prices will continue their climb upward, according to experts, largely thanks to tight inventory and high demand. Housing inventory is going to remain limited for much of 2020, experts say. And interest rates and record-high homeownership tenures are a big part of the problem.
The mortgage and real estate spheres have been moving away from their manual, paper-laden processes in recent years, and 2020 will only see that trend expand further—especially as more tech-savvy Millennials enter the market.
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