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Factors That Will Influence Residential Real Estate In 2020

By Joe Houghton
Forbes Real Estate Council
January 15, 2020
Category: Finance & Economics
Region: Canada, United States

These are the factors to be mindful of in the year ahead:

  • Low Levels Of Residential Inventory – More millennials ae entering the market
  • Mortgage Interest Rates – The cost of borrowing continues to be a bargain.
  •  The Economy – Recession more likely in 2021
  • The Silver Tsunami – Millions of baby boomers are now aging into their 60s and 70s
  • The Millennial Shift To The Suburbs – It’s an urban myth that all millennials want the hipster condo in the city
  • Home Sales – Home sales are estimated to reach 6.1 million in 2020

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