Will the housing market crash in 2020?
Will the housing market crash in 2020? The Bay Area just said goodbye to a decade when real estate prices soared to astronomical heights. The 2010s were marked by $1 million fixer-uppers and bidding wars, and many homeowners saw their property values double. In 2019, prices flattened out a bit compared to 2018. At the start of a new decade, what will 2020 bring? Is a crash on the horizon? What impact with the U.S. presidential election have? We reached out to four experts to weigh in on the outlook for the Bay Area real estate market in 2020. We've compiled their responses to several questions below. BOOM OR BUST: WHAT WILL HAPPEN TO THE HOUSING MARKET IN 2020? Ken Rosen , chairman of the Fisher Center for Real Estate and Urban Economics at UC Berkeley: "First of all, the rate of price increases flattened out for home prices in 2019 ... We expect that to continue in 2020. We have low-interest rates, but we also have the fact that housing is very expensive so it’s ...