This is how the housing market could behave in 2020

The housing market is projected to heat up in the new year, as 2018’s mid-year downturn is expected to finally come to an end, according to a Redfin forecast. Low mortgages rates, which Redfin expects to hover around 3.8%, will likely invigorate the buyers’ market, leading to an increase in competition as the nation’s housing inventory continues to dwindle due to several factors including rising tenure length.