Housing Outlook Sees Similar

Conditions Next Year


 

Real estate, of course, is about location. From neighborhood to neighborhood,

conditions may differ. Pricier neighborhoods will have different dynamics than

more affordable areas. Hot spots that offer buyers features and amenities will

have different conditions than less popular areas farther from the action. That’s

why most people work with professionals when buying or selling a home. It’s

 good to be able to lean on the experience of someone with expertise in the

specific parts of town you’re interested in. But that’s not to say you can’t have

a general sense of where the market is headed and what to expect when you

hit the streets in search of a house. Take the most recent forecast from Freddie

Mac, for example. The outlook says, though the market will slow down this fall

and winter, high demand for homes will mean more sales and competition next

year. It also says home price growth will begin to slow next year, though you

should expect mortgage rates to continue to edge higher through 2020. Overall,

according to Freddie Mac’s outlook, home buyers and sellers should expect next

year’s market to look relatively similar to this year’s. More here.