2020 Housing Market Predictions
Economic activity in the United States started 2019 on an upbeat note, fueled by consumer optimism and business confidence. Riding the corporate tax restructuring of the 2017 Tax Cuts and Jobs Act, companies boosted investments and, coupled with solid consumer spending, led to a 4.1 percent annualized gain in gross domestic product (GDP) during the first quarter of the year, according to the Bureau of Economic Analysis. In addition, exports outpaced imports during the period, leading to expectations of increased trade windfalls.
https://www.realtor.com/research/2020-national-housing-forecast/?_cldee=c2NvdHRqYW1lc2RpY2tpbnNvbkBnbWFpbC5jb20%3d&recipientid=contact-5847ac0818714c2faea2df04b051acb8-d2ed251544484042a5b2108f5fc83885&utm_source=ClickDimensions&utm_medium=email&utm_campaign=Get%20the%20Facts%202016&esid=ce7d6353-5f2b-ea11-9c35-00155d235002
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People who second-guess themselves make worse decisions, study finds
Researchers said their findings would apply in realms as diverse as business, dating and politics
https://www.washingtonpost.com/business/2020/01/06/people-who-second-guess-themselves-make-worse-decisions-study-finds/
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With Recession Fears Diminished, January Is a Smart Time to Buy
More buyers are expected to return to the luxury market in 2020 and can avoid bidding wars if they start in the first month of the year
https://www.mansionglobal.com/articles/with-recession-fears-diminished-january-is-a-smart-time-to-buy-210592?mod=article_inline
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6 Reasons Why Winter Is Actually the Most Chill Time to Buy a Home
While it's true that things do slow down in the winter, that's not necessarily a bad thing. Yes, it's cold. Yes, fewer homes are for sale. Yes, moving in a snowstorm is a pain no one should experience. But there are quite a few darned smart reasons to buy a home in the winter.
https://www.realtor.com/advice/buy/buying-a-home-in-the-winter/?mod=article_inline
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The best smart home products at CES 2020
The smart home category of products is one of the fastest-growing industries in the tech world. As one would expect, CES 2020 was bursting at the seams with smart home gear, so we thought we’d round up the best smart home tech we saw at the show.
https://www.androidauthority.com/best-smart-home-products-1071658/
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How Big Data Will Impact Real Estate Buying, Selling and Developing
The emerging Big-Data-fueled technologies can provide new insights and approaches to how luxury real estate is developed, priced, sold and bought
https://www.mansionglobal.com/articles/how-big-data-will-impact-real-estate-buying-selling-and-developing-210771
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JUWAI TOP 10 CHINESE BUYER PICKS FOR H1 2019
Chinese property investors have been quick to react to the economic and political turmoil many countries experienced over the past 12 months. Trade tensions
https://downloads.juwai.com/pdf/Juwai-Top-10-Chinese-Buyers-Picks-H1-2019.pdf?&utm_source=EmarsysEDM&utm_medium=email&utm_campaign=Juwai+Top+10+Chinese+buyers+picks+H1+2019+Report+%28Industry+Marketing%29+&utm_content=banner
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2020 COST VS VALUE REPORT
This site compares average costs for 22 remodeling projects with the value those projects retain at resale in 136 U.S. markets.
https://www.remodeling.hw.net/cost-vs-value/2020/
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Infographic: 2019 Profile of Home Buyers & Sellers
The typical buyer was 47 years old this year, and the median household income for 2018 rose again this year to $93,200. The typical home seller was 57 years old.
https://www.nar.realtor/infographics/2019-profile-of-home-buyers-sellers
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The Puget Sound Region’s Office Market Is in Record-Breaking Territory
The Seattle area’s sizzling tech economy and changing tax laws fueled the office sector’s stellar growth in the fourth-quarter of 2019
http://seattlebusinessmag.com/commercial-real-estate/puget-sound-regions-office-market-record-breaking-territory
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Housing market expected to heat up in King, Pierce Counties
Real estate experts say low inventory will mean the hottest housing market in years. Experts also call for an increase in bidding wars on homes.
https://www.king5.com/article/news/local/hot-housing-market-king-pierce-county/281-22fc0103-ba1f-42f1-b62c-96a7648ca542
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Homeless women who took over California home gain support
Some California lawmakers said they support a group of homeless women who have been illegally living in a vacant three-bedroom house since November
https://www.seattletimes.com/business/homeless-women-who-took-over-california-home-gain-support/
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House shoppers and millennials feel the pinch of few listings, rising home prices
The Portland area had 19.2 percent fewer houses for sale in 2019 compared to the previous year, while the median listing price of $469,450 held steady
https://www.oregonlive.com/realestate/2020/01/house-shoppers-and-millennials-feel-the-pinch-of-few-listings-rising-home-prices.html
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T rex lives large in real estate marketing campaign
It was just Realtor Michelle Patterson and her team getting creative while marketing the property at 1605 East AB Wade Road. The 7.49-acre property, which has a 6,400-square-foot main house and a 2,000-square-foot guest house, is on the market for $1.25 million.
https://www.tennessean.com/story/money/homes/2020/01/07/t-rex-lives-large-real-estate-marketing-campaign/2823857001/
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The cheapest apartments for rent in Portland's Pearl District
Finding a bargain can be a challenge if you're looking for new digs on a budget. So what does the low-end rental price in the Pearl District look like these days?
https://www.kgw.com/article/life/hoodline/the-cheapest-apartments-for-rent-in-portlands-pearl-district/611-a4558b11-47cd-4fdc-a922-8fa66a9e98a5
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Will 2020 Be the Year Seattle’s Housing Market Starts Rising Again?
Home prices in the Seattle metro are have fallen over the past year or so, a trend we’ve covered in the past. But now, as we enter 2020, the Seattle housing market is showing signs of an upswing.
http://www.homebuyinginstitute.com/news/will-seattle-start-rising-again/
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Sell A Seattle House In Probate – I Will Buy House Helps Portland Resident Sell Property in Shoreline
I Will Buy House has helped yet another homeowner sell a Seattle house in probate.
http://www.digitaljournal.com/pr/4547958
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This Midcentury Modern Home in Seattle Is a 1950s Time Capsule
Midcentury modern homes continue to be popular, and are highly coveted in Seattle. Right now, one of those designs is available for $3.35 million.
https://www.nhregister.com/realestate/article/This-Midcentury-Modern-Home-in-Seattle-Is-a-1950s-14945857.php
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11 real estate sales of more than $1 million in December 2019 in the San Juan Islands
Real estate transactions in the San Juan Islands in December 2019 included 11 of more than $1 million. Nine were on San Juan Island, one on Decatur Island and one on Lopez Island
https://sanjuanislander.com/news-articles/business-and-economy/30331/2020-01-02-00-25-26
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Market Hotness Index
Metro Hotness - Zip Code and County Hotness
https://www.realtor.com/research/reports/hottest-markets/
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HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.
http://www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311
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Economic Indicators
U.S. Census Bureau Economic Indicators
https://www.census.gov/economic-indicators/
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CoreLogic Home Price Insights
The most geographically comprehensive and current home price index.
http://www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl
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Bureau of Economic Analysis
U.S. Economy at a Glance
http://www.bea.gov/index.htm
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U.S. Housing Market Tracker
The U.S. housing market has struggled to find equilibrium after the bubble of the past decade. Here’s a look at where various gauges of supply and demand stand today.
http://graphics.wsj.com/us-housing-market/
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Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2015
http://www.freddiemac.com/pmms/archive.html
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Housing Economics
NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.
https://www.nahb.org/en/research/housing-economics.aspx