Where Is the 2020 Housing Market Headed for the Rest of the Year? [INFOGRAPHIC]

2020 Housing Market – Looking Forward – Broad Strokes

Here is some handy information about where experts think the 2020 housing market for the United States is headed for the rest of the year. And wow! Buyers – you have to love those interest rates!

Local 2020 Housing Market Updates

Of course, the graph above, showing 2020 housing market updates is very general to cover the whole country. Most of us are especially interested in our own local market. Here is some info to help see what has been happening in our local counties the past few months, which can give us a hint on how things might go in the next few months.

Here are some 2020 facts and figures for the Central Valley area, by county, including Sacramento County (which includes, among others, Citrus Heights, Fair Oaks, Carmichael, Orangevale, Natomas and, of course, Sacramento) and Placer County (which includes Roseville, Rocklin, Lincoln, Granite Bay, Auburn, and many other cities):

Compare those to the housing market facts and figures for the San Francisco Bay Area

Some Highlights:

• The 2020 housing market is forecasted to finish the year with growing strength.
• Historically low mortgage rates are creating great potential for homebuyers, and home sales are on the rise.
• We are often seeing multiple offers resulting in higher prices.
• If you’re thinking of buying or selling a home this year, let’s connect to maximize your opportunity today.