Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

317
Posts
56
Votes
Michael Corso
  • Lender
  • Wildwood Crest, NJ
56
Votes |
317
Posts

2020 will be a challenging year for the housing market.

Michael Corso
  • Lender
  • Wildwood Crest, NJ
Posted

2020 will be a challenging year for the housing market.

On the one side, there's a strong US economy that has driven the unemployment rate to record low levels, boosting disposable income, which makes a bullish case.

Then, there are low mortgage rates and housing shortages, which add to the bullish sentiment.

"We think the housing market will remain strong for the most part in 2020, as low-interest rates will keep demand high for new mortgages," says Josh Stech, CEO, and Co-Founder of Sundae, a site that helps sellers get a fair price for their house. "We also think there will continue to be shortages of new housing in many markets, which will contribute to overall price growth."

On the other side, there's the problem of affordability, which will put the brakes on the housing market. The Case Shiller Home Price Index in the US reached an all-time high of 218.27 Index Points in September of 2019, making it difficult for first-time home-buyers to afford a home.

"While sellers may be able to ask more for their homes, they're likely to get fewer offers in total due to more buyers being priced out of the market," says Stech. "This could lead to longer listing times and increased stress on sellers who go the traditional route of marketing their homes on the MLS."

Most Popular Reply

User Stats

2,229
Posts
2,710
Votes
John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
2,710
Votes |
2,229
Posts
John Morgan
  • Rental Property Investor
  • Grand Prairie, TX
Replied

I was told 5 years ago we were having a housing bubble. Don’t buy! Many stayed on the side lines waiting for the crash. I’ve been slowly picking up a couple SFRs each year. If the numbers make sense, then I’m in. If we have an economic or housing collapse, then I’m prepared to lower my rent to keep tenants in place. However, people will still need a place to live, so I will wait for the people in the class A and B neighborhoods to downgrade to my C+ rentals at my affordable prices. I don’t anticipate having to lower my rent much, if at all. In the meantime I’ll let my tenants keep paying off my 8 loans each month while I sleep. :)

  • John Morgan
  • Loading replies...