This time of year you can expect to see lots of articles about the best housing markets across the country, the places where the experts think home prices will appreciate and the sales volume will grow. Realtor.com has one set of rankings. The National Association of Realtors has their own top 10. So we thought it would be worthwhile to take a look at the worst housing markets for 2020.
Now, what exactly do we mean by worst?
By worst housing markets, we mean most challenging. If you work in one of these markets, there’s no reason to panic. These are just predictions. A little elbow grease is almost always enough for agents and lenders to overcome slumps in volume.
That being said, these predictions about the worst housing markets are based on real data including GDP, monetary policy, employment numbers, consumer confidence, as well as local market conditions like supply, demand and affordability.
Based on that information, the cities and metro areas below are expected to see the most home sales volume decreases in 2020:
Las Vegas and the markets in South Florida and Riverside have been among the hottest in recent years, and their appearance on a list of the worst housing markets represents a healthy pullback.
Supply problems are likely to get worse nationwide, but particularly in big cities, like New York City and San Francisco, which are also projected to see above-average decreases in sales volume.
View the complete analysis and the other 95 markets here: 2020 Housing Market Predictions – Realtor.com
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