Real estate is sure hard to predict so I simply won't do it! I'll tell you what I do know & what I've found out so you can make a decision for your family & needs.
Different parts of the country experience the real estate market differently. Core Logic does predictions for the year on what larger metro areas are going to see increases in 2020. In our Midwest area of Chicago, it is going to be 'very light' as far as price increases. The graph will give you an idea of who is 'hot' and who is 'not'.
As of October 2019, 31% of buyers are first time buyers. That's a pretty decent chunk of business to follow & attract. Sellers should pay attention as 1 out of 3 buyers might not know how to work a hammer. These buyers want homes in move-in condition. If yours is not, the buyers will move along to another one with more updates & less work to do.
Sales of distressed properties & short sales are only a slim 14% of the market currently. I follow the stats just to be sure that I don't miss possible increases here. In fact, every winter we become heavy with foreclosures. I think the banks finally think about selling around October. Good for buyers, not so good for the banks as the market is slower. If you are looking for a foreclosure - this is the time to do it.
Now as I am writing this I am grinning ear to ear. Why? Zillow made a prediction that 2020 will become a buyers market according to their next market forecast. I will take that with a grain of salt, just like I would the accuracy of their home zestimates.
If we do not experience a glut of inventory as per their predictions, we will still do well in 2020.
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