Real Estate Rundown January 2020
January 07, 2020
Without a doubt, the next decade is sure to bring some highs and lows to both the housing market and the moving industry. In this collection of articles, various experts look at the current state of the housing market and predict was is to come. Learn more about the influence of baby boomers, increasing construction spends, hot housing markets, and the consequences of low inventory.
The job market is strong and mortgage rates are low; that should be good for home buyers, right? While the market is stable, scarcity in housing stock, especially for entry level-buyers, is creating a bottleneck.
We’ve all heard the rumors that baby boomers creating havoc in the housing markets, and therefore, for movers too. But is it as bad as they say? Learn why this generation is said to be influencing the market in a problematic way.
From November 2018 to November 2019, construction spending has risen 4.1 percent in the United States. This is good news for movers as it opens up more options for homeowners looking to move to a new home and gives a boost to homebuilder sentiment as they see positive buyer traffic conditions.
With the exception of California, it appears that movers located in the southern states will benefit the most from a thriving 2020 housing market. Learn more about what was uncovered when Zillow survey more than 100 economists, investment strategists, and real estate experts to get a read on what is to come.
2019 came to an end with a national inventory decline, an increase in US median listing prices, and a shorter number of days on the market for listings. See what this means for the 2020 housing market, and ultimately, for the moving industry.