Is It Going To Get Better Before It Gets Worse? Five Experts Share Predictions For The U.S. Housing Market In The Second Half Of 2020

Is It Going To Get Better Before It Gets Worse? Five Experts Share Predictions For The U.S. Housing Market In The Second Half Of 2020

After an unprecedented first half of 2020, what could the next six months bring? Here is what five ... [+] housing economists and experts anticipate.



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Mortgage rates are searching for a historic bottom. Home prices are inching up toward record highs. Home shoppers are looking for deals. Homeowners are weighing selling versus refinancing.



A lot is going on in the U.S. housing market on the backdrop of an even messier national state of affairs. After an unprecedented first half of 2020, what could the next six months bring? Here is what five housing economists and experts anticipate.



Is it going to be a V-shaped or a W-shaped housing market recovery? Why?



Mark Fleming, chief economist at First American Financial Corporation, a provider of title insurance and settlement services:



"It seems hard to deny that when one looks at many of the housing market statistics, a "V“ shape is quite apparent. The main reason for the strong rebound is that factors existing before the coronavirus hit (lack of supply, low mortgage rates and a millennial demand for homeownership) have continued or even gained strength. Mortgage rates are even lower, supply is even tighter and