Where Does The U.S. Housing Market Go From Here? Five Experts Share Predictions For The Rest Of 2020
Forbes spoke to five experts to get their take on what the rest of 2020 will hold for the housing market. Some economists predict a continuation of the V-shaped recovery we’re on currently, as demand has surged since the pandemic began. Others caution that we’re more likely to experience a W-shaped recovery, citing the slowing of demand following the initial uptick from the pent-up demand of Spring buying season being deferred to later in the year, along with an expected resurgence of the virus this fall. That said, those that predict another dip in demand are confident that with the low mortgage rates, combined with lack of inventory, home prices will remain on an upward trajectory for the rest of the year.