Is the Real Estate Market Going to Crash In 2020?
As we enter a new year, one of the top questions on the minds of most people, including buyers and sellers, is if the Real Estate market is going to crash in 2020?
Even though it’s easy for some economists to answer yes, or no, to this question, the reality is that nobody really knows what’s going to happen to the Real Estate market this year.
What we can do though is “anticipate” what may happen to the Real Estate market this year and then plan accordingly.
Things to Be Watching For in 2020
With a Presidential Election coming up in November of this year, it’s likely that the nationwide Real Estate market will remain steady, along with the economy. Both Republicans and Democrats will be eager to keep the markets steady because economic uncertainty is something that politicians in both parties can use to their advantage so all of the politicians who are running for President will be eager to keep the economy moving forward.
Besides the markets remaining steady, we also know that mortgage interest rates will continue to remain at their all-time lows because the Federal Reserve has indicated that they will not be raising or lowering interest rates this year.
Based on these factors, we feel that the 2020 Real Estate market is going to be a very steady market that has a healthy combination of activity from both buyers and sellers.
The Real Estate Market and You
In reality, it doesn’t matter what’s going on with the Real Estate market because at the end of the day, you have to access your Real Estate goals.
Specifically, you should be asking yourself “what’s my goal?” and “is now the right time for me to make my move?”. If your answers to these questions are no, then you should trust your instincts and wait. But, if the answer is yes, then you shouldn’t hesitate to buy or sell a primary home, or investment property now.
Contact the Fred Sed Group
To get started with buying or selling a home in Southern California, contact the Fred Sed Group today by calling us at (800) 921-9231 or click here to connect with us online.