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One of the biggest questions on everyone's minds these days is: What's going to happen to the housing market in the second half of the year? Based on recent data on the economy, unemployment, real estate, and more, many economists are revising their forecasts for the remainder of 2020 – and the outlook is extremely encouraging. Here's a look at what some experts have to say about key areas that will power the industry and the economy forward this year.
Mortgage Purchase Originations: Joel Kan, Associate Vice President of Economic and Industry Forecasting, Mortgage Bankers Association
Inventory: George Ratiu, Senior Economist, realtor.com
Mortgage Rates: Freddie Mac
New Construction: Doug Duncan, Chief Economist, Fannie Mae
The experts are optimistic about the second half of the year. If you paused your 2020 real estate plans this spring, let's connect today to determine how you can re-engage in the process.
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