We’re in the midst of the longest economic expansion in U.S. history, and the real estate forecast says there’s still room to grow. A recent survey by the National Association for Business Economics found that experts believe the U.S. economy will remain positive throughout 2020.
Still, given that recessions are a natural (and necessary) part of a business cycle, we know this period of growth will inevitably end. So you may be wondering, how will an eventual recession impact the real estate market?
Continue reading Real Estate Market Forecast 2020
One of the most common questions I get at this time of year is, “What’s going on in the market?” It’s not just potential buyers and sellers who are curious; homeowners always want reassurance their home’s value is going up. The good news is the American real estate market is strong and healthy. Home values are up, prices and sales are strong, and 
The Fed hiked interest rates by .25 percent this week and expect continued increases in 2017. With rising interest rates and prices already putting pressure on affordability, what’s in store for the future? 
The market slowed down in July with fewer pending and closed sales compared to June. But because there were also fewer new listings, inventory stayed at a very low 2.4 months’ supply countywide.