Here is the latest video from Matthew Gardner, Windermere’s Chief Economist. He shares some great info in the video. Here are my quick takeaways:
- We are in a totally different place than we were in the last housing bubble in 2007. At this point he doesn’t see any sign of a bubble or prices dropping significantly.
- Mortgage rates are low and that is helping keep monthly payments affordable.
- We will likely see a drop in the number of total homes sold in 2020 (less inventory).
- He predicts prices in our market will be around 2.5% higher than 2019.
Please reach out with any questions or comments. Thanks for watching!