Why 2020 Could Be Big for the Housing Market

Cue the Rocky theme song: Fannie Mae thinks 2020 could be a big comeback year for the housing industry. After months of wondering if the housing market could revitalize amid rising prices and low housing supply, Q3 rang in strong, and experts think this will last into the new year.

Housing could fuel economic growth for the first part of 2020, a new economic outlook from Fannie Mae shows.

Fannie Mae upgraded its economic outlook to a gross domestic product growth of 1.9% in 2020, according to its latest commentary from the Economic and Strategic Research Group. This is due to expected easing trade tensions, stimulative fiscal policies and continued consumer spending

This year, the third quarter added to GDP growth for the first time in more than 1.5 years, Fannie Mae’s data shows. And this growth is expected to continue into the second quarter of 2020.

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