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Home Prices and Mortgage Rates Predictions

January 12, 2020 By Vickie Hall

Everyone wants to know what Home Prices and Mortgage Rates are going to do in 2020. So we’ve gathered some of the experts predictions:

Here is a list of various predictions for 2020 from various sources-
• CoreLogic is predicting home prices will increase by 5.4% from October 2019 till October 2020.
• NAR is predicting that U.S. home prices will rise 3.6% this year.
• Freddie Mac is estimating that interest rates will average 3.6% this year.
• Fannie Mae is predicting that rates will average 3.9% in 2020.
• Realtor.com is predicting that rates will average 3.85% in 2020.
• Realtor.com is predicting that existing home sales will drop by 1.8% in 2020 to 5.23 million. Why? Not enough homes for sale as they expect inventory to “evaporate” in 2020. They are predicting that home prices will rise just 0.8% nationwide this year.
• Redfin is predicting more Bidding Wars this year. Why? Low mortgage rates will increase demand and inventories will drop as people remain in their homes longer.
• Redfin is predicting that home prices will increase 3% nationwide in 2020.
Here are some predictions for Denver’s real estate market from national “experts”-
• Zillow predicts that our home prices will increase by 1.4% in 2020.
• CoreLogic is predicting home prices increase will increase by 4% this year.

Article by Lonnie Glessner
Draperand Kramer Mortgage
1745 Shea Center Drive
Suite 400
HIghlands Ranch, CO 80129
Cell: 303.881.6374
[email protected]

PLUS, whenever you’re ready, don’t miss the below offers to help you reach your real estate goals.

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Home Prices and Mortgage Rates

Filed Under: Centennial Real Estate, Cherry Creek Vista Homes, Homes in Cherry Creek School District, Real Estate

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