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With a new year comes a new outlook on the real estate market. If you arewondering if this is your year to sell your home, buy a new home or refinance,keep reading to learn about the 2020 market predictions. According to Realtor.com, mortgage rates will likely remain low. Redfin predicts30-year fixed mortgage rates to stay around 3.8% for 2020. HUD hasannounced increasing Federal Housing Administration loan limits. Regarding home price change, median of home prices in the US will continue toslowly rise according to CoreLogic, a property data firm. While supply anddemand may level out some, predictions show a surplus of buyers with limitedinventory to continue. Realtor.com named the top markets for 2020, all of whichhave recently had an increase in home sales price: 1. Boise City, ID2. McAllen, TX 3. Tucson, AZ 4. Chattanooga, TN 5. Columbia, SC 6.Rochester, NY 7. Colorado Springs, CO 8. Winston-Salem, NC 9. Charleston, SC 10.Memphis, TN. Millennials have overtaken the market share in most places, replacing Gen Xand Baby Boomers. Because of this, making use of the newest industrytechnology to market your home will be beneficial in 2020. Millennials engagedigitally during the home-buying process and prefer detailed, high-resolutionphotos and video tours on an online listing. Call the REST hotline @ 866-896-7045 or visit our live chat and website at
www.adprest.net.
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Call (866) 896-7045Visit www.adprest.com
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2020 Market Insights Featured ADP Homes
N. Brandford, CT
Sunland Park, NM$160,000
Coming Soon!
Montville, NJ$635,000
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here!
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ALPHARETTA, GA11:30 A.M., Feb. 20, 2020
REST Info SessionGuests: REMAX & Southern Capital Mortgage
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NEW NORTHSIDE, GA
11:30 A.M., Feb. 25, 2020REST Info Session
Guests: Harry Norman & SunTrust
DID YOU KNOW?
Call REST!
The US Median home price for 2019 is $277,000, with starterhomes averaging $219,000 (National Association of Realtors).
12 million US homeowners spend more than half of their incomeon rent (PWC Emerging Trends in Real Estate).
For a personal consultation, call or chat online with REST!
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