Zillow Predicts Shrinking Homes And A Stable Market in 2020 : Millennials make up the largest share of potential home buyers in 2020, and their preferences will move the housing market in new directions
After extraordinary home value growth characterized a frenzied housing market in 2017 and 2018, this year’s slowdown felt like a welcome return to normalcy in much of the country. Zillow predicts more of the same in 2020, with the market stabilizing near historic norms. Changing tastes as Millennials make up a growing share of home buyers will impact the market. Homes will get smaller, bold colors and prints will return to home designs and demand will stay high as more and more people reach typical homebuying age.
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