2020 Brings Clear Vision – and a New Real Estate Market

It seems as though economists are quite convinced of their upcoming vision for the year 2020.

The housing market is still a seller’s paradise – with slow construction and aging-in-place homeowners, buyers are having to seriously compete for the house of their dreams.

According to real estate economists surveyed by Zillow and Pulsenomics LLC, the industry won’t switch to a buyer’s market until at least 2020. About 75% of 100 economists agree with the statement.

Some signs that the market is still favoring sellers: inventory dropping and home value appreciation rising. The data also shows that home values are expected to rise to an additional 5.9% at the end of 2018.

We’ll have to wait to see if their predictions are correct; but as for now, it looks like sellers will be holding the cards for a little while longer.

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