Forbes posted their 2020 Real Estate Outlook: Expert Predictions For Mortgage Rates, Home Prices, Tech And More. “The 2019 housing market has been one of low rates, high demand and limited supply—particularly on the lower-priced end of the market. Will 2020 be more of the same? According to experts, yes and no. We spoke to six mortgage, real estate, and housing professionals.” Read what they say is in store for the year to come.
2. UNLUCKY 13
Real estate “Markets seeing quick declines include neighborhoods in Silicon Valley, San Francisco, and Seattle, along with neighborhoods in Miami Beach and Chicago.” Business Insider points out 13 places in the US where it’s probably not worth investing in real estate for the next decade and why. Markets are cyclical, right? Home values are changing all the time which is why you need a trusted advisor to help you wade through the numbers.
3. AIR B AND SEE
“Would you buy a car without giving it a test drive? Probably not. A test drive helps you understand what it would really be like to own, live with, and use a car, giving you the opportunity to notice subtle details that you can experience only by taking it for a spin. After all, this is a sizable investment.” Here are a few ideas from Realtor.com on How to Test-Drive a Neighborhood Before You Buy the House. The more people you can talk to prior to committing to a specific home or area the better.
4. SECURE PRACTICE
Here are U.S. News & World Reports’ Tips for Maintaining Your Privacy While Selling Your Home. “Selling a home is hard. From picking a real estate agent to decluttering to letting strangers in, the process transforms a memory-filled residence into a stripped-down shelter for someone else to personalize. For all the activities associated with it, parting with a home may be just as big of a commitment as buying one. But unlike purchasing, selling involves a level of publicity that might curb privacy and safety.” These simple reminders can help make a home sale much easier for all involved parties.
5. REALITY BITES
CBS News just posted The 100 most expensive ZIP codes for housing in the U.S. and “Towns and neighborhoods in just nine states other than New York and California made the list, including Arizona, Florida, Connecticut, Maryland, Nevada, New Jersey and Washington.” Are you curious enough to click the link? If you do, there is a short video showing homes around the country currently valued at $1 million.
