What Can Home Buyers Expect in 2020?
Louisiana Realtors • December 31, 2019
2020 marks not only the beginning of a new year but also a new decade. Furthermore, it’s an election year. This means it’s a year that marks many milestones. Is one of those going to be the purchase of a new home? If it is, it’ll be helpful to know what you can expect in terms of the real estate market and economy in 2020. Here is a quick forecast of the year to come.
Home Prices are Rising
While prices rose more slowly in 2019, a 3.3% increase, compared to 5% in 2018, they are still on the incline. 2020 is forecasted to see a 2.8% increase in sale prices. This trend will play an important role in not only your mortgage process but also the neighborhoods that you shop in. Entrust your time with a professional, knowledgeable REALTOR® who listens to your list of needs and be able to communicate your expectations from the beginning. Be sure that you understand the inventory of what is available on the market and how much house you can afford by first talking with a trusted lender.
Millennials Will be the Largest Group of Homebuyers Again in 2020
As in recent years, Millennials will be the leading demographic of home buyers. Last year this generation accounted for 37% of home purchases. This means that home shoppers in this age range need to understand what they want and need now, as well as in the future. Are you married or planning to be? Do you have kids? Expecting? Lots of things need to be considered when looking for a new home.
Mortgage Rates Will Continue to Decrease
Some good news in 2020 for prospective home buyers is that mortgage rates are expected to remain low. Rates are forecasted to stay below 4% again, with an expected average rate of 3.7%. This is an excellent opportunity for home buyers to get a low, fixed-rate mortgage.
No matter where you are looking, what you need, or anything else, if 2020 is the year you by a new home, entrust the process to knowledgeable, professional REALTOR®.
2025 Extraordinary Legislative Session Wrap-up
Discover how real estate professionals can use technology to enhance client relationships, streamline transactions, and stand out in a digital market.
Louisiana REALTORS® wraps up 2025 and looks forward to 2026! Louisiana REALTORS® gathered in Baton Rouge from October 7–8 for the 2025 Fall Governance Meetings, a dynamic two-day event filled with professional development, strategic planning and member engagement. The day before the conference offered the conclusion to the 2025 LR Leadership Program with participants graduated from the yearlong program after a half-day session. The 2025 graduates include: Torri Byrd, Shawn Carter, Bradley Cook, Stefany Deroche, Mignon Richard Díaz, Alfra Dixon, Thaddeus Dixon, Glen Elliott, Yvonne Graham, Charlotte Johnson, Michelle LaBanca, Slagle McGuffee, Ellen Monroe, Matt Noel, Ros Pack, Tiffany Pellerin, Latonia Riggs, Shannon Rodi Nash, Trish Skellham, Rebecca Slone and Charlotte St. Romain. Additionally, a sold-out, full-day AI-Powered Real Estate Professional Certification course led by industry expert Matthew Rathbun blew away attendees and had them leaving the session with such invigoration. The first official day of the conference held focus on professional development and networking. Tuesday opened with an informative session entitled Professional Liability 101 from Rice Insurance Services Center, offering critical insights into E&O and risk management. RPR's session brought a wealth information to attendees and offered a hands-on learning experience for the tools offered online. Targeted sessions like the Local AE Meeting and the YPN Advisory Council Open Meeting provided space for peer exchange and innovation. The day concluded with a festive Opening Reception sponsored by Louisiana YPN, bringing members together to celebrate and connect. The next day offered collaboration and celebration with Closing the Affordability Gap, presented by the Louisiana Housing Corporation, equipping REALTORS® with tools to better serve clients in today’s market. Regional caucuses followed, allowing members from across Louisiana to discuss local issues and share best practices. The Board of Directors Meeting brought the governance portion of the event to a close with strategic decisions for the year ahead. At the Board Meeting, Chris Brock, Northeast REALTORS® of Louisiana; Trish Leleux, Greater Central LA REALTORS® Association; Synde Devillier, Bayou Board of REALTORS®; Scott McCubbin, Bayou Board of REALTORS®; Amber Morrow, Greater Fort Polk Area REALTORS®; and David Moses, Greater Central LA REALTORS® Association; were elected as 2026 At-Large Directors. The grand finale? A spirited LSU Pregame Fan Experience and the highly anticipated Installation Ceremony, where new leadership was formally welcomed in a celebration of community and commitment. Louisiana REALTORS® looks forward to hosting REALTORS® from around the state at the Winter Leadership Conference, March 3-4, 2026, at the Live! Casino & Hotel in Bossier City. We would like to thank our sponsors Greater Baton Rouge Association of REALTORS® (GBRAR) , Zillow , Dax Roy Appraisals, Supra, American Home Shield, Guard Home Warranty fo r their generous support in helping make this conference happen!
