[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f90jso2b2rqx6":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":9,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":9,"videoSource":9,"publishedAt":28,"updatedAt":29},1534,"2020-luxury-market-forecast","2020 Luxury Market Forecast","By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury space. That said, now is a perfect opportunity to take a look at the forecast for the 2020 luxury market.","","blog","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F13142821\u002F20200115-KCM-Share-1.jpg","By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury space. That said, now is a perfect opportunity to take a look at the forecast for the 2020 luxury market.\u003C!--more-->\r\n\u003Ch4>\u003Cstrong>Three Things to Think About in the 2020 Luxury Housing Market\u003C\u002Fstrong>\u003C\u002Fh4>\r\n\u003Cstrong>1. Prices\u003C\u002Fstrong>\r\n\r\nThe U.S. economy is \u003Ca href=\"https:\u002F\u002Fwww.thebalance.com\u002Fhow-is-the-economy-doing-3306046\">strong\u003C\u002Fa> today, with buying opportunities throughout the luxury end of the market. Thomas Veraguth, \u003Cem>Strategist\u003C\u002Fem> at \u003Cem>UBS Global Wealth Management,\u003C\u002Fem> \u003Ca href=\"https:\u002F\u002Fwww.barrons.com\u002Farticles\u002Fwith-recession-fears-abated-luxury-housing-markets-enter-2020-01577372890\">says\u003C\u002Fa> in \u003Cem>Barrons.com\u003C\u002Fem>,\r\n\u003Cblockquote>\u003Cem>“There’s a good link between luxury real estate prices and [economic] growth.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nAvailable \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2019\u002F10\u002F22\u002Fdepending-on-the-price-youre-going-to-need-advice\u002F\">inventory\u003C\u002Fa> is a key element that can impact home prices. At the upper range, the inventory is greater in comparison to the entry-level market, making moving up to a luxury home a growing reality for many buyers right now.\r\n\r\n\u003Cstrong>2. Activity in the Market\u003C\u002Fstrong>\r\n\r\nWith more buying opportunities at the higher end, we should start to see an increase in activity. The same article states,\r\n\u003Cblockquote>\u003Cem>“Affluent homebuyers will start to come out of the woodwork as they find rising luxury rents less appealing and sellers get even more negotiable on price.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\nBuyers looking in the luxury market are taking the opportunity to negotiate on price in a segment where there are more choices, too. According to the \u003Ca href=\"https:\u002F\u002Fwww.luxuryhomemarketing.com\u002Freal-estate-agents\u002FILHM-luxury-report.html\">\u003Cem>Luxury Market Report\u003C\u002Fem>\u003C\u002Fa>, homes sold for an average of 96.94% of the list price in December.\r\n\r\nBuyers are also getting more for their money with greater purchasing power due to the current \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2019\u002F11\u002F22\u002Fthe-cost-across-time-infographic-2\u002F\">low interest rates\u003C\u002Fa>.\r\n\r\n\u003Cstrong>3. Buyers Are Coming Back\u003C\u002Fstrong>\r\n\r\nKeep in mind, buyers are often sellers too, especially those looking to move up. Homeowners with an \u003Ca href=\"https:\u002F\u002Fwww.simplifyingthemarket.com\u002F2020\u002F01\u002F07\u002Fbig-demand-for-small-homes\u002F\">entry-level home\u003C\u002Fa> can take advantage of the inventory shortage at the lower end of the market, thus driving higher sales prices for their current homes. Combined with growing equity in the homes they’re listing, it’s a great time for those who are ready to make a luxury move.\r\n\r\nThe extra equity and greater purchasing power are bringing many buyers back to the market. The same article mentioned that,\r\n\u003Cblockquote>\u003Cem>“We’ve already seen buyers who’ve been on the sidelines for two years tread back into the market.”\u003C\u002Fem>\u003C\u002Fblockquote>\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you’re considering entering the luxury market, 2020 is shaping up to be a great year for those who are ready to make that move. Let’s get together to set your real estate plan for the year.","\r\nIf you’re considering entering the luxury market, 2020 is shaping up to be a great year for those who are ready to make that move. Let’s get together to set your real estate plan for the year.",false,[16,20,24],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},38,"Move-Up","move-up",{"id":25,"name":26,"slug":27},52,"Luxury \u002F Vacation","luxury--vacation","2020-01-14T10:00:44Z","2020-01-14T11:00:44Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":10,"isVideo":14},1533,"buying-a-home-early-can-significantly-increase-future-wealth","Buying a Home Early Can Significantly Increase Future Wealth","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F10131918\u002F20200113-KCM-Share.jpg","2020-01-13T10:00:33Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":10,"isVideo":14},1535,"homes-are-more-affordable-today-not-less-affordable","Homes Are More Affordable Today, Not Less Affordable","https:\u002F\u002Ffiles.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2020\u002F01\u002F10140145\u002F20200115-KCM-Share.jpg","2020-01-15T10:00:31Z",{"cover":43,"open":44,"shareSpread":45},"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",[47,51,52,56,60,64,68,72,76,80,81,85,89,93,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},6,"For Sellers","sellers",{"id":57,"name":58,"slug":59},7,"Foreclosures","foreclosures",{"id":61,"name":62,"slug":63},8,"Infographics","infographics",{"id":65,"name":66,"slug":67},9,"Home Prices","home-prices",{"id":69,"name":70,"slug":71},11,"First-Time Buyers","first-time-buyers",{"id":73,"name":74,"slug":75},34,"Senior Market","senior-market",{"id":77,"name":78,"slug":79},35,"Mortgage Rates","mortgage-rates",{"id":21,"name":22,"slug":23},{"id":82,"name":83,"slug":84},41,"For Sale by Owner","for-sale-by-owner",{"id":86,"name":87,"slug":88},42,"Featured","featured",{"id":90,"name":91,"slug":92},45,"New Construction","new-construction",{"id":25,"name":26,"slug":27},{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]