Experts are forecasting a strong housing market in 2020.
Here’s what a few of them have to say:
- Freddie Mac: “We expect mortgage rates to remain low over the next two years, averaging 3.8% in 2020 and 2021.”
- Frank Martell, President, and CEO of CoreLogic: “We expect home prices to rise at least another 5% over the next 12 months.”
- Doug Duncan, Chief Economist at Fannie Mae: “We now expect single-family housing starts and sales of new homes to increase substantially, aided by a large uptick in new construction.”
- George Ratiu, Senior Economist at Realtor.com: “Housing remains a solid foundation for the US economy going into 2020.”
If you’re thinking of buying or selling a home, let’s connect to determine if 2020 is the year to make your move.
If you’re thinking about buying a home in 2020 and need a mortgage to finance it, Sammamish Mortgage can help. We offer a wide range of mortgage programs with flexible qualification criteria to borrowers all across Washington State and the rest of the Pacific Northwest. Call Sammamish Mortgage today to get started!