What’s Ahead for the U.S. Housing Market in 2020?
Thinking of buying, selling, or both this year and wondering what's ahead for the US housing market? As you may recall, mortgage rates dropped below four percent this past year in the US, opening the door for many people to refinance current loans. The solid economy and strong employment numbers also fueled sales of new homes. In 2020, expectations are that the boom in refinancing will fade out and home sales will increase, but high construction costs will keep housing affordability at bay for many, according to experts. Read more about housing projections in this detailed article from Knowledge@Wharton.