[Latest News] Credit Counseling News: The Good And The Bad: Housing Market Predictions For 2020

Credit Counseling News

The Good And The Bad: Housing Market Predictions For 2020 Wednesday 05 February 2020 10:03 AM UTC-05 | Tags: invest One of the biggest markets in the U.S. is its real estate industry which is why fluctuations in the prices of homes can have a spillover effect in other sectors as well. If you have followed the housing market over the past couple of years then you’ve seen numerous ups and downs, with real estate at its peak or people struggling to find affordable homes. With the new year ahead of us, real estate experts have predicted big changes in the housing market — both good and bad. If you are looking to invest in real estate in 2020, here’s what you need to know. Retail Closures Will Affect Landlords Scott Olson via Getty Images Scott Olson via Getty Images Nearly 9,000 retail stores were closed in 2019 and this number will only increase in the upcoming year. While there are still new brick and mortar stores opening up, there are not as many as the number of stores that are shutting down. Stores like JC Penney and Sears have closed stores as online shopping has taken over in the last couple of years. Many formerly thriving brick and mortar stores have now been taken over by digital companies that need smaller spaces, around 2,000-3,000 square feet. Read on for predictions about rent control. Tags: invest