Below graphs show that each of the three entities who should know what they are talking about are projecting home sales to increase about 2% next year. That helps to debunk some of the ankle biting, recession promoting, chicken little sky is falling folks who are out there. a 2% increase is sure better than a 2% decrease, but is most likely insignificant.
Bottom line, now is still the best time we will see for the rest of our home buying lifetimes to make either that first home purchase or sell your present house and move up to the one you really want. Like to know more, just call or text me at 484-574-4088 and lets set up a time to talk. No cost or obligation of course.
Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020.
Below is a chart depicting the projections of each entity for 2019, as well as for 2020.
As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe homes sales will increase steadily over the next year. If you’re a homeowner who has considered selling your house recently, now may be the best time to put it on the market.