The real estate market has been on a steady climb for the past several years, and experts are predicting that this trend will continue in the near future. According to a recent report from the National Association of Realtors, home prices are expected to increase by 3.2% in 2020. This is good news for those looking to buy or sell a home, as the market is expected to remain strong.
The report also found that the number of homes sold is expected to rise by 1.7% this year, with the number of existing homes sold increasing by 3.2%. This indicates that there is still plenty of demand for homes in the market, which is great news for buyers and sellers alike.
In addition, the report found that the number of homes on the market is expected to remain relatively stable, with no significant changes in the number of homes available for sale. This is good news for buyers, as it means that there will still be plenty of options for them to choose from.
Finally, the report found that the median home price is expected to increase by 4.3% this year, which is a good sign for those looking to invest in real estate. This indicates that the market is still healthy and that there is still potential for growth.
Overall, experts are predicting that the real estate market will remain strong in 2020 and beyond. With prices expected to increase and the number of homes on the market remaining relatively stable, now is a great time to invest in real estate. Whether you’re looking to buy or sell a home, the market is expected to remain strong, so now is the time to make your move.
