New year should bring continued strength in U.S. housing market

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.Demographics.[have been] a tailwind for the housing market.increasing the pool of potential first buyers on the order of roughly 250,000 households per year since 2010. [An analysis of the situation below shows that] the strong demographic tailwind in the housing market should continue through 2020, and thereafter, while not turning into a headwind, gradually subside through roughly 2025.

Realtor.com estimated that the rate for a 30-year mortgage will reach 5.50% by the end of 2019, while real-estate firm zillow estimated that it could hit 5.80% in a year’s time.

And economists and real estate experts are already predicting what a new year will bring to the housing market. Both nationally and in the Philadelphia region, the 2018 residential market offered some much-needed relief to home shoppers , who for the last few years battled bidding wars and rising prices as they searched for a new home.

In a report on "Florida housing forecast 2019," author gord collins noted that the forecast for the nation’s housing market in 2019 was "very warm" based on rosy predictions for the strength of the U.S. economy. Florida’s housing market is also projected to do very well next year.

into adulthood, entering the housing market and searching for rental housing. As the economy and the housing market recover, older adults can be expected to shift back into homeownership. Even as this shift occurs, however, demand for rental housing will remain strong for several years because of continued household formation by Echo Boomers.

Experts debate the strength of today’s housing market.. prices are up 7.2% nationwide year-over-year in March, often new packaging suffices to kick in the Silicon Valley hyperbole machine.

Housing Market Crash 2020? A new Wall Street Journal report puts the odds of a recession at their highest level in 7 years, at 25%. Previously, economists forecasted 2020 as the year of the collapse. That forecast was based on traditional cycles and the expectation of bankers and governments observing those sacred traditions.

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Since then, sales volume as continued at a relatively flat-to-down rate.. As of Q2 2019, year-to-date sales are 8% below a year earlier.. After volume and prices bottom in 2020-2021, homebuyers will.. for significant additional new housing until after the recovery from the 2020 recession.. Let us know!