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  • Iron Key Real Estate Blog

    Thursday, January 16, 2020   /   by Brandon Gonzales

    Housing Inventory Vanishing: What Is the Impact on You?

    The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available housing inventory in two years. The report explains:

    “Last month saw the largest year-over-year decline of housing inventory in almost three years with a dramatic 12 percent decline, pushing the number of homes for sale in the U.S. to the lowest level since January 2018.”

    The report also revealed that the decline in inventory stretches across all price points, as shown in the following graph:George Ratiu, Senior Economist at realtor.com, explains how this drop in available homes for sale comes at a time when more buyers are expected to enter the market:

    “The market is struggling with a large housing undersupply just as 4.8 million millennials are reach ...

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    Tuesday, January 14, 2020   /   by Brandon Gonzales

    2020 Luxury Market Forecast

    By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury space. That said, now is a perfect opportunity to take a look at the forecast for the 2020 luxury market.


    Three Things to Think About in the 2020 Luxury Housing Market


    1. Prices


    The U.S. economy is strong today, with buying opportunities throughout the luxury end of the market. Thomas Veraguth, Strategist at UBS Global Wealth Management, says in Barrons.com,




    “There’s a good link between luxury real estate prices and [economic] growth.”



    Available inventory is a key element that can impact home prices. At the upper range, the inventory is greater in comparison to the entry-level market, making moving up to a luxury hom ...

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    Tuesday, January 7, 2020   /   by Brandon Gonzales

    The 2020 Real Estate Projections That May Surprise You

    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, home sales, and home prices is incredibly valuable – and they may surprise you.

    Mortgage Rates


    Projections from the experts at the National Association of Realtors (NAR), the Mortgage Bankers Association (MBA), Fannie Mae, and Freddie Mac all forecast mortgage rates remaining stable throughout 2020:Since rates have remained under 5% for the last decade, we may not fully realize the opportunity we have right now.


    Here are the average mortgage interest rates over the last several decades:





    1970s: 8.86% ...

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    Thursday, December 19, 2019   /   by Brandon Gonzales

    The Biggest Issue Facing Housing Next Year

    This coming year the housing market will be defined by 3 things- inventory, interest rates, and appreciation.  But the biggest issue the housing market will face in 2020 is an inventory shortage.  There aren’t enough homes on the market for buyers, especially on the lower end of the market. This is a topic that has come up frequently within the past several months.


    Based on what is forecasted, we know that interest rates are projected to remain low and that appreciation is expected to continue as we move into 2020.  Additionally, the upcoming election will provoke many unique perspectives on the health of the US housing market. The challenge will be understanding what is actually happening and how you can best position yourself if you are thinking of buying or selling your home.


    Here are several perspectives to consider on the inventory issue facing housing next year:


    According to realtor.com:




    “Despite inc ...

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