What should you expect in 2020?
With another year - and decade - coming to a close, many people start to wonder about what's in store for the real estate market in the new year. While there's no crystal ball when it comes to predicting real estate, you can probably expect the housing market to remain strong in 2020.
Mortgage rates are at historic lows and may continue to go lower. Inventory will continue to remain low, which could be good news for sellers, and more first-time homebuyers will enter the marketplace.
We don't typically see a lot of new inventory in January, but we do tend to begin to hear rumblings from the market as people get ready for the spring selling season.
If you're thinking about buying or selling in 2020, now is the time to start planning. You want to be ready to act quickly if you find a good deal.
A real estate agent who knows the local community is your best resource for understanding both seasonal and annual trends in the market where you are buying or selling.
At Harnish Properties, we feel lucky to have been living and working in Lake Oswego for many years. Lake Oswego continues to be a top destination for buyers looking for strong schools, civic leadership and continued urban growth. We look forward to showing you all this city has to offer.
201 B Avenue, Suite 101
Downtown Lake Oswego