Redfin Provides Housing Market Predictions for 2020

Redfin Provides Housing Market Predictions for 2020Redfin recently issued its housing market predictions for 2020, which the company believes will be more competitive thanks to a rebound in bidding wars and a continued lack of new homes.

According to its article, Redfin also predicts that 30-year fixed mortgage rates will stabilize at 3.8% in the new year and believes that for the first time, Hispanic Americans will gain more wealth from home equity than white Americans.

The company’s additional predictions include:

  • Climate change will become a bigger financial factor for homebuyers and sellers.
  • Charleston and Charlotte will lead the country in home price growth.
  • More city streets will become car-free.

For more details on its predictions, check out the full article from Redfin here.  

 

Sources:
Redfin – redfin.com
National Mortgage Professional Magazine – nationalmortgageprofessional.com

Topics: Lenders, Appraisers, AMCs, Mortgage Companies, residential mortgage industry, Credit Union