[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f2aci3kvlk71r2":3,"$ffeh0925h8cuz":43,"$f2emv3tus0uf1":47,"$fbwk2pqjjqsc7":51},{"item":4,"previous":31,"next":37},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":29,"updatedAt":30},1526,"the-2020-real-estate-projections-that-may-surprise-you","The 2020 Real Estate Projections That May Surprise You","This will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing market can be challenging. As a result, taking a look at the combined projections from the most trusted entities in the industry when it comes to \u003Cstrong>mortgage rates\u003C\u002Fstrong>, \u003Cstrong>home sales\u003C\u002Fstrong>, and \u003Cstrong>home prices\u003C\u002Fstrong> is incredibly valuable – and they may surprise you.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F12\u002F28094207\u002F20200120-KCM-Share.jpg","This will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing market can be challenging. As a result, taking a look at the combined projections from the most trusted entities in the industry when it comes to \u003Cstrong>mortgage rates\u003C\u002Fstrong>, \u003Cstrong>home sales\u003C\u002Fstrong>, and \u003Cstrong>home prices\u003C\u002Fstrong> is incredibly valuable – and they may surprise you.\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>Mortgage Rates\u003C\u002Fstrong>\u003C\u002Fh4>\r\nProjections from the experts at the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), the \u003Cem>Mortgage Bankers Association\u003C\u002Fem> (MBA), \u003Cem>Fannie Mae\u003C\u002Fem>, and \u003Cem>Freddie Mac\u003C\u002Fem> all forecast mortgage rates remaining stable throughout 2020:\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F12\u002F20200102-MEM-ENG-1.jpg\">\u003Cimg class=\"aligncenter wp-image-41478\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F12\u002F20200102-MEM-ENG-1.jpg\" alt=\"The 2020 Real Estate Projections That May Surprise You | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>Since rates have remained under 5% for the last decade, we may not fully realize the opportunity we have right now.\r\n\r\nHere are the average mortgage interest rates over the last several decades:\r\n\u003Cul>\r\n \t\u003Cli>\u003Cstrong>1970s:\u003C\u002Fstrong> 8.86%\u003C\u002Fli>\r\n \t\u003Cli>\u003Cstrong>1980s:\u003C\u002Fstrong> 12.70%\u003C\u002Fli>\r\n \t\u003Cli>\u003Cstrong>1990s:\u003C\u002Fstrong> 8.12%\u003C\u002Fli>\r\n \t\u003Cli>\u003Cstrong>2000s:\u003C\u002Fstrong> 6.29%\u003C\u002Fli>\r\n\u003C\u002Ful>\r\n\u003Ch4>\u003Cstrong>Home Sales\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThree of the four expert groups noted above also predict an increase in home sales in 2020, and the fourth sees the transaction number remaining stable:\u003Cimg class=\"aligncenter wp-image-41500\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F20200102-MEM-ENG-2.jpg\" alt=\"The 2020 Real Estate Projections That May Surprise You | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\r\n\r\nWith mortgage rates remaining near all-time lows, demand should not be a challenge. The lack of available inventory, however, may moderate the increase in sales.\r\n\u003Ch4>\u003Cstrong>Home Prices\u003C\u002Fstrong>\u003C\u002Fh4>\r\nBelow are the projections from six different expert entities that look closely at home values: \u003Cem>CoreLogic\u003C\u002Fem>, \u003Cem>Fannie Mae\u003C\u002Fem>, Ivy Zelman’s \u003Cem>“Z Report”\u003C\u002Fem>, the \u003Cem>National Association of Realtors\u003C\u002Fem> (NAR), \u003Cem>Freddie Mac\u003C\u002Fem>, and the \u003Cem>Mortgage Bankers Association\u003C\u002Fem> (MBA).\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F12\u002F20200102-MEM-ENG-3.jpg\">\u003Cimg class=\"aligncenter wp-image-41480\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F12\u002F20200102-MEM-ENG-3.jpg\" alt=\"The 2020 Real Estate Projections That May Surprise You | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>Each group has home values continuing to improve through 2020, with four of them seeing price appreciation increasing at a greater pace than it did in 2019.\r\n\u003Ch4>\u003Cstrong>Is a Recession Possible?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nIn early 2019, a large percentage of economists began predicting a recession may occur in 2020. In addition, a recent survey of potential home purchasers showed that over 50% agreed it would occur this year. The economy, however, remained strong in the fourth quarter, and that has caused many to rethink the possibility.\r\n\r\nFor example, \u003Cem>Goldman Sachs\u003C\u002Fem>, in their \u003Ca href=\"https:\u002F\u002Fwww.goldmansachs.com\u002Finsights\u002Fpages\u002Foutlook-2020-f\u002FUS\u002Freport.pdf\">2020 U.S. Outlook\u003C\u002Fa>, explained:\r\n\u003Cblockquote>\u003Cem>“Markets sounded the recession alarm this year, and the average forecaster now sees a 33% chance of recession over the next year. In contrast, our new recession model suggests just a 20% probability. Despite the record age of the expansion, the usual late-cycle problems—inflationary overheating and financial imbalances—do not look threatening.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nMortgage rates are projected to remain under 4%, causing sales to increase in 2020. With growing demand and a limited supply of inventory, prices will continue to appreciate, while the threat of an impending recession seems to be softening. It looks like 2020 may be a solid year for the real estate market.","\r\nMortgage rates are projected to remain under 4%, causing sales to increase in 2020. With growing demand and a limited supply of inventory, prices will continue to appreciate, while the threat of an impending recession seems to be softening. It looks like 2020 may be a solid year for the real estate market.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2019\u002F12\u002F20200102-MEM-ENG-1.jpg",false,[17,21,25],{"id":18,"name":19,"slug":20},5,"For Buyers","buyers",{"id":22,"name":23,"slug":24},6,"For Sellers","sellers",{"id":26,"name":27,"slug":28},9,"Home Prices","home-prices","2020-01-02T10:00:59Z","2020-01-02T18:39:31Z",{"id":32,"slug":33,"title":34,"featuredImage":35,"publishedAt":36,"contentType":10,"isVideo":15},1525,"heres-to-a-wonderful-2020","Here’s to a Wonderful 2020!","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F12\u002F18153643\u002F20200101-KCM-Share.jpg","2020-01-01T10:00:46Z",{"id":38,"slug":39,"title":40,"featuredImage":41,"publishedAt":42,"contentType":10,"isVideo":15},1527,"top-renovations-for-maximum-roi-infographic","Top Renovations for Maximum ROI [INFOGRAPHIC]","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2019\u002F12\u002F19180545\u002F20200103-Image-scaled.jpg","2020-01-03T11:00:41Z",{"cover":44,"open":45,"shareSpread":46},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",{"cover":48,"open":49,"shareSpread":50},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[52,56,57,58,62,66,67,71,75,79,83,87,91,95,99,103,107,111,115,119,123,127,131,135,139,143,147,151,155,159],{"id":53,"name":54,"slug":55},1,"Uncategorized","uncategorized",{"id":18,"name":19,"slug":20},{"id":22,"name":23,"slug":24},{"id":59,"name":60,"slug":61},7,"Foreclosures","foreclosures",{"id":63,"name":64,"slug":65},8,"Infographics","infographics",{"id":26,"name":27,"slug":28},{"id":68,"name":69,"slug":70},11,"First-Time Buyers","first-time-buyers",{"id":72,"name":73,"slug":74},34,"Senior Market","senior-market",{"id":76,"name":77,"slug":78},35,"Mortgage Rates","mortgage-rates",{"id":80,"name":81,"slug":82},38,"Move-Up","move-up",{"id":84,"name":85,"slug":86},41,"For Sale by Owner","for-sale-by-owner",{"id":88,"name":89,"slug":90},42,"Featured","featured",{"id":92,"name":93,"slug":94},45,"New Construction","new-construction",{"id":96,"name":97,"slug":98},52,"Luxury \u002F Vacation","luxury--vacation",{"id":100,"name":101,"slug":102},53,"Rent vs. Buy","rent-vs-buy",{"id":104,"name":105,"slug":106},80,"Time-sensitive","time-sensitive",{"id":108,"name":109,"slug":110},81,"Outdated","outdated",{"id":112,"name":113,"slug":114},147,"Internal","internal",{"id":116,"name":117,"slug":118},148,"Do Not Autopost","do-not-autopost",{"id":120,"name":121,"slug":122},320,"Inventory","inventory",{"id":124,"name":125,"slug":126},321,"Agent Value","agent-value",{"id":128,"name":129,"slug":130},322,"Affordability","affordability",{"id":132,"name":133,"slug":134},323,"Buying Tips","buying-tips",{"id":136,"name":137,"slug":138},324,"Downsize","downsize",{"id":140,"name":141,"slug":142},325,"Economy","economy",{"id":144,"name":145,"slug":146},326,"Equity","equity",{"id":148,"name":149,"slug":150},327,"Forecasts","forecasts",{"id":152,"name":153,"slug":154},328,"Selling Tips","selling-tips",{"id":156,"name":157,"slug":158},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":160,"name":161,"slug":162},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]