Page 3 - KW CREDENTIALS
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MARKET OUTLOOK
(CAPECOD)
The National Association for Business Economics ( NABE ) predicts that the $1.5 trillion tax stimulus will give a significant boost to the economy. In fact, Zillow predicts an 4% one year increase in the Cape Cod area real estate prices through July 1, 2019. The NABE economic forecast beyond 2019 is less sanguine, however.
Two thirds of NABE economists expect a recession to occur before the end of 2020 and 18% of them see it coming sooner. The path to owning a home for Cape Cod residents may be turbulent this coming year. This is due to the recent shortage of homes for sale, higher mortgage rates and higher average selling prices for homes in the area.
