· A Decade After The Bubble Burst, House Flipping Is On The Rise House flipping is at an 11-year high in the U.S. New research shows borrowers with good credit like flippers, and not subprime.
Housing Market Crash 2020? A new wall street journal report puts the odds of a recession at their highest level in 7 years, at 25%. Previously, economists forecasted 2020 as the year of the collapse. That forecast was based on traditional cycles and the expectation of bankers and governments observing those sacred traditions.
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· 2. Washington. The washington state housing market is hot these days, and maybe a bit too hot, especially in its largest city, Seattle. A great indicator of this is an increase in inventory, the number of homes available for sale, which happens because demand has largely been quenched while prices may be too high on available homes for the remainder of people who are still shopping for homes.
By that standard, we still do not have a housing recovery.. this year were lost in May, right when the housing market was supposedly taking off again.. It is absurd to think that housing prices have reached their bottom.
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Most Americans are concerned that the real estate market is going to crash. A recent survey found that 58% agreed that there would be a "housing bubble and price correction" by 2020. As a result, 83% of them believe it’s a good time to sell.
All of this makes one wonder when the next housing market crash will take place. Home prices can only go up for long before they drop again, right? Well, the answer to that age-old question might not be as elusive as you think. The real estate market apparently moves in cycles that some economists think can be predicted to a relatively high.
"I want to trade up on my property before prices become out of reach again and I think this is an opportune time to sell because there aren't.
July’s housing market report paints a rosier picture of home prices for sellers. Home Prices rose while supply is heading downward. That could predict higher home prices. Builders sentiment is improving which could add new home supply for 2020. See the stats, charts and expert opinions about the US housing market.