With the start of 2020 just days away, are you wondering where the real estate market will go in the New Year? If you are thinking about buying or selling real estate or even just refinancing in the coming year, here is what you need to know.
- Interest rates will be lower than they have been since before 1980 at 3.8% and are projected to remain steady throughout 2020!
- According to CoreLogic, home prices will appreciate at a rate of 5.4% over the course of the year.
- Experts predict that the number of homes sold next year will be equal to or outpace 2019.
As you navigate the real estate market in the coming year, don’t forget we are always available to answer your questions and help you understand the current market.
The Chris Wylie Team is your ultimate real estate resource for Houston, The Woodlands, Spring, Cypress, Katy, Tomball and the surrounding areas. Visit our website for for detailed information regarding today’s real estate market.