{"id":376,"date":"2020-01-02T18:30:48","date_gmt":"2020-01-02T18:30:48","guid":{"rendered":"http:\/\/phphouses.com\/blog\/?p=376"},"modified":"2020-01-02T18:30:51","modified_gmt":"2020-01-02T18:30:51","slug":"the-2020-real-estate-projections-that-may-surprise-you","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/the-2020-real-estate-projections-that-may-surprise-you\/","title":{"rendered":"The 2020 Real Estate Projections That May Surprise You"},"content":{"rendered":"\n
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This will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing market can be challenging. As a result, taking a look at the combined projections from the most trusted entities in the industry when it comes to mortgage rates<\/strong>, home sales<\/strong>, and home prices<\/strong> is incredibly valuable \u2013 and they may surprise you.<\/p>\n\n\n\n

Mortgage Rates<\/strong><\/h4>\n\n\n\n

Projections from the experts at the\u00a0National Association of Realtors<\/em>\u00a0(NAR), the\u00a0Mortgage Bankers Association<\/em>\u00a0(MBA),\u00a0Fannie Mae<\/em>, and\u00a0Freddie Mac<\/em>\u00a0all forecast mortgage rates remaining stable throughout 2020:<\/p>\n\n\n\n

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Since rates have remained under 5% for the last decade, we may not fully realize the opportunity we have right now.<\/p>\n\n\n\n

Here are the average mortgage interest rates over the last several decades:<\/p>\n\n\n\n