The housing market took an unexpected turn upward in recent months, but what is to come is still up in the air. Five housing market professionals and experts told Forbes their predictions. Several believe recovery will exhibit a W shape, with a second drop possibly on the horizon. If unemployment remains high, foreclosures may rise after the moratorium is lifted, says one expert. Others believe prices will appreciate and new construction will help the dwindling housing supply. What must happen for more sellers to return to the market? Read more to find out.
Mortgage rates are searching for a historic bottom. Home prices are inching up toward record highs. Home shoppers are looking for deals. Homeowners are weighing selling versus refinancing.
A lot is going on in the U.S. housing market on the backdrop of an even messier national state of affairs. After an unprecedented first half of 2020, what could the next six months bring? Here is what five housing economists and experts anticipate.
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