By Chad Meier, December 30, 2019
Questions continue to rise around where home prices will head in 2020. The latest forecast from CoreLogic shows continued appreciation in the 5% – 9% range for the Westernmost side of the U.S. over the next year.
Additionally, ARCH Mortgage Insurance Company in their current Housing and Mortgage Market Review revealed their latest ARCH Risk Index, which estimates the probability of home prices being lower in two years. Based on the most recent results, 32 of the 50 U.S. states (plus D.C.) had a minimal probability of lowering by 2021.
Other Highlights…
- Interest rates will be lower than they have been since before 1980 at 3.8% and are projected to remain steady throughout 2020!
- Experts predict that the number of homes sold next year will be equal to or outpace 2019.
Bottom Line…
Experts forecast home price appreciation to continue at a moderate rate as we move through 2020 and beyond. With appreciation growing, now is a great time to reach out to your most trusted real estate professional to plan for your next move.
Chad Meier
Living Room Realty
503.709.9600
Chad@PortlandHomeBase.com
Chad Meier
Broker | OR
He/Him
Hello, I’m Chad: Licensed Real Estate Broker, native Oregonian, photography aficionado, lover of old houses, friend to all animals, and powered by analytical data...
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- T: 503-709-9600
- F: 503-961-8224
- dcmeier@gmail.com
F
503-961-8224