Where Does the Housing Market Stand Heading Into 2020?

Hindsight is 20/20: As we head into a new decade, looking back at the past year can give clues about the housing market's future. 2019 brought low mortgage rates, low housing inventory, and high prices, which economists expect to continue into 2020. However, the homebuying demand and increased construction may make the new year a different playing field.

Our 2020 real estate outlook forecasts a New Year filled with low mortgage rates, tight inventory, and rising home prices—and the latest data seems to support just that.

Freddie Mac’s chief economist Sam Khater sums it up best saying, “The housing market continues to steadily gain momentum with rising homebuyer demand and increased construction due to the strong job market, ebullient market sentiment and low mortgage rates ... the improving real estate market will support economic growth heading into next year.”

Here’s a look at how real estate is faring as we head into the holidays:

Mortgage rates dropped.

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