Reliance Real Estate Radio

Historically low mortgage rates, booming home price growth, inadequate inventory levels, ruled the 2019 housing market. As the new year draws closer with rumors of a global recession and uncertainty generated by an impending election, one can imagine just how wild of a ride 2020 could be. According to six economists, 2020’s housing market will be strikingly similar to 2019. In summary we are looking at 2020 to be similar to 2019 with amazing interest rates to help combat the increase but leveling of home prices. If you need to sell, 2020 will be your year. Low interest rates coupled with great home prices will help both move up sellers and new time home buyers make the move in 2020.