Predicting residential real estate markets can be tricky. What appears to be a clear path today may not be quite as evident as the year progresses.

Numerous factors can affect the market over any time period, including interest rates, stock market performance, politics and world events. Industry insiders do their best to anticipate how housing markets will perform based on economic indicators and demographics.

“Given Northeast Florida’s strong economic growth and overall desirability, 2020 will be another stellar year for residential real estate,” said Berkshire Hathaway HomeServices Florida Network Realty President and CEO Christy Budnick. “With attractive interest rates and a robust local economy, I am optimistic that our local market demand will remain strong.”

Learn more about Budnick’s  2020 predictions for the residential real estate market in Northeast Florida by visiting the Berkshire Hathaway HomeServices Florida Network Realty blog.