As we enter the new year, I’ve got some numbers to show you and some predictions to make for our real estate market. Here’s what you need to know.
I’ve got a quick real estate market update to share with you today, as well as some projections of what I believe we’ll see in 2020.
Interest rates and inventory are still low, which is going to lead to another increase in home prices. We’re up a little over 5% from last year, which is a solid, healthy rate of appreciation. Overall, we expect our market to continue to be strong—maybe even a little stronger than 2019.
A lot of people have been asking us about a potential recession or market correction. Since we finished with such a strong fourth quarter, however, most of the experts don’t think we’ll see any kind of recession this year.
If you have any questions about the current state of our market, its future, or anything else related to real estate, don’t hesitate to give me a call or send me an email today. I look forward to hearing from you soon.