Builders will enter the new decade more confident than they have been in twenty years, a new National Association of Home Builders survey found.
Their confidence starts with consumers, who are driving positive home sale trends while enjoying historically low interest rates.
The result is a soaring Housing Market Index, including a five-point increase in December.
As housing sales continue to rebound, and with a need for more inventory, builders are getting their shovels ready for increased development.
The index is based off builders’ answers to questions about their perceptions about current markets, expectations over the next six months and buyer prospects. The respondents had something very positive to say about all three categories.
If you’ve been thinking about buying a home in the Seattle/Renton/Tacoma areas, now may be a great time to plan for what may be a continuation of a robust real estate market in 2020.
Whether you’re a first-time home buyer or buying your second home, our home mortgage experts can help you navigate this activity-filled market so you come out as confident as the rest.