Good news for Idaho homeowners, and even greater news for those who own Coeur d’Alene Real Estate.
Veros Real Estate Solutions (Veros) , a leading authority on real estate trends for mortgage lenders, real estate professionals, rating agencies and the investment community is predicting U.S. Real Estate value growth will remain steady at +3.7 percent for 2020.
Veros predicted the Top Ten Housing Markets expected to appreciate the most and Coeur d’Alene Real estate is expected to appreciate at +9.5%...the second highest appreciation in the country!
Source: Veros Real Estate Solutions
The study showed low mortgage interest rates are helping to keep overall U.S. Real Estate market propped up.
Housing supply is the main reason markets in the forecast landed in the top and bottom rankings.
Extremely low housing supply is the key feature of housing markets, like Coeur d’Alene, where prices are expected to increase significantly.
The report specifically mentioned the California housing market stating, “Prices for property in California are expected to remain relatively soft. All major markets in the Golden State, including Los Angeles, the Bay Area, and San Diego, are expected to appreciate between +2.5 and +4.5 percent, in stark contrast to predicted appreciation rates of the recent past, which were often in double digits.”
Another significant finding of the forecast is that while the U.S. Housing Market value overall is expected to grow +3.7 percent, it is leveling off after falling from 4.5 percent a year ago.
For more info on the greater North Idaho and Coeur d’Alene Real Estate Markets click here.