Real Estate Rundown February 2020
February 20, 2020
When the housing market is hot, movers have their hands full. When the market is slow, mover’s trucks come to a halt. Although home buying power is strong right now, there are a few factors that could slow things down later on. Read the latest articles from real estate experts to get a feel for how 2020 is shaping up for movers.
Mortgage Rates Fall to the Lowest Level in Three Months—But This Is a Double-Edged Sword for Home Buyers
Mortgage rates have taken a dive and are now at their lowest level since October. Could this drop be a double edge sword? While there are incentives to buy now, we’re seeing people stay in their homes longer.
Listen to the Wharton Business Daily Show podcast to see what the future holds for the 2020 housing market. With little affordability relief, a sharp supply curve, and an increase in millennial homeownership, it will certainly have its ups and downs.
With a low housing inventory at the end of 2019, the 2020 competition is heating up early. But will it hold up throughout the year? See what’s contributing to the stiff competition and what could slow things down for both the real estate market and for movers.
Homebuyers and sellers can expect the unexpected with 2020 mortgage and sales trends. See the five most surprising trends that could affect home sales and a mover’s workload.
A low unemployment rate and improved borrowing conditions make today’s market ripe for movers. But will a lack of inventory hold people back? Some positive signs are emerging that suggest there will be more inventory soon.