Real estate news

Housing outlook 2020: A ‘good year to purchase,’ expert says

Right now, homebuyers can find quick move-in Lennar homes available for every type of lifestyle. Whether you’re a first-time homebuyer, growing family, or empty-nester, Lennar builds communities for every stage of life.  If you’ve been dreaming of owning a new home in 2020, here’s some more good news! With low rates and affordable pricing, there’s never been a better time to buy. Learn more in this recent FOX Business article by Brittany De Lea.

Waiting for a good time to get in on the housing market? Experts forecast that it’s likely to be another banner year in 2020.

Mat Ishbia, CEO of United Wholesale Mortgage, told FOX Business there is one big reason this year will be a good one to make a home purchase.

“From a homebuyer perspective, affordability is really great,” Ishbia said, forecasting rates will remain low.

According to a report from Realtor.com, mortgage rates are expected to average 3.85 percent.

Consistent with Ishbia’s predictions for continued affordability, Realtor.com expects home prices to rise just 0.8 percent across the U.S. this year – with declines occurring in 25 percent of the 100 largest metro areas.

Ishbia said the spring purchase season in 2020 will likely “have a lot of legs” and could carry on through the fall.

Read the full article at FOXBusiness.com

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