Wow 2020 is here! A new decade and a year for clear vision (20/20)! Exciting times ahead indeed. So what will 2020 bring to the housing market? The first Steven Thomas Orange County Housing Report of the year is below my signature line. The 2020 forecast is provided after the 2019 year in review…solid data looking in the rear view mirror and great news looking forward!
I am excited about the year ahead believing that 2020 will be a wonderful year for great success with your real estate endeavors due to the markedly low interest rates, which facilitate excellent investments for all. So, if any of the scenarios below are a consideration for you, let’s talk soon…
Let’s talk about amazing opportunities to make a positive impact in 2020 for your real estate goals and investments for the decade ahead!
Steven Thomas except:
Despite the tremendous focus on the “trade war,” the international slowdown, impeachment, Brexit, and stock market volatility, the U.S. economy was strong throughout 2019. Unemployment reached 50-year lows. The GDP was up considerably more than many forecasted. Long-term interest rates dropped from 4.5% to 3.5% before climbing slightly to 3.75% by year’s end. Wall Street had a tumultuous ride, yet ended the year at record levels. The trade war took center stage and became a headwind for the overall economy. Finally, new home sales have turned around after a sluggish start to the year. The overall economy is strong, and the low interest rate environment is a tailwind that will keep the economy running on all cylinders. As a result, the local housing market is going to look a lot better in 2020.”