Zillow surveyed more than 100 RE economists and experts for their housing predictions. They are predicting that national home price appreciation will average 5.9% this year with a slow down to 3% or less in 2020. They are also predicting a Buyer’s Market for the nation in 2020.

 

At the national level we have about 4.5 months of inventory, so could months of inventory rise to > 6 months in 2 years? Possibly, but not likely. Unless you are predicting a recession in 2020 and I am starting to think that many economists are hoping, wishing, and praying for a recession in 2020.