Online real estate database Zillow forecasts good times in the housing market in 2020, as healthy consumer confidence, job creation, and wage growth are “a recipe for continued economic growth, not a recession.”
Evidence of that consumer confidence was found in Fannie Mae‘s Home Purchase Sentiment Index, up 2.7 points to 91.5 in November and 5.3 points ahead of its strong read in 2018.
RealPage‘s analysis of the latest data reveals we should get major relief for the housing supply shortage, since residential building permits hit a 12-year high in October, notching an annual rate of 1.46 million units.
