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Housing Market 2020 Forecast: Will It Crash or Recover?

Marco Santarelli

The positive forecast is that there is expected a short-term bump in sales for late summer and early fall due to pent up buyer demand, fear of the pandemic reducing, and low mortgage rates. The 30-year fixed-rate averaged 3.57% in the first quarter of 2020, down from 4.62% one year ago.

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Naples Real Estate Market & Investment Overview 2020

Marco Santarelli

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88% in the first week of August. The 15-year fixed-rate mortgage dropped to 2.44%.

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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%. year-over-year.

Marketing 135
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Orlando Real Estate Market & Investment Overview 2020

Marco Santarelli

The biggest mistake buyers make is sitting around waiting for sale prices to decline while their potential mortgage payment plummets. The average interest rate on a 30-year fixed-rate mortgage fell to a record low of 2.88%. The 15-year fixed-rate mortgage dropped to 2.44%.

Marketing 126
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Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

Many variables could potentially impact the value of a home in Las Vegas in 2020 (or any other market) such as big changes in the distressed, new-construction, or luxury home segments. Unlike some areas, the Las Vegas housing market isn’t going to see a sharp decline in rents due to new construction.

Marketing 128
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Los Angeles Real Estate Market & Investment Overview 2020

Marco Santarelli

Last week, the average rate on 30-year fixed-rate mortgages dipped below 3% for the first time on record and this week stood at 3.01%, down from 3.75% a year ago, according to Freddie Mac. That’s five times the average rate for Los Angeles County. In distressed neighborhoods, fix and flip may be an option.

Marketing 139
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NYC Real Estate Market 2020 Overview

Marco Santarelli

It seems they want to cash in on the opportunity to purchase their favorite properties amid a historically low-interest rate of 3.3 percent on a 30-year fixed-rate mortgage. There are currently 33,614 homes for sale and 35,759 apartments & homes for rent in New York, NY on Realtor.com , a real estate listings website.

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