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Monday, 11 November 2019
Agent Resource Center
Agent Resource Center

2020 Palm Springs Housing Market Forecast

Written by Posted On Thursday, 17 October 2019 23:53

It’s that time of year again, 2020 Palm Springs California Housing Market Forecasts are popping up online.

From Real Estate experts to Bubble Pundits, what are they saying about the 2020 Palm Springs California Housing Market Forecast???

(Note: This information was taken on 10/17/2019. Some organizations will update their information frequently).

Zillow: The median home value in Palm Springs is $417,700. Palm Springs home values have gone up 5.3% over the past year and Zillow predicts they will rise 3.6% within the next year.

FortuneBuilders:…real estate in Palm Springs isn’t expected to keep up with the rest of California. As of now, the Palm Springs real estate market is expected to be the beneficiary of a 2.4% increase in home values over the next year.

CALIFORNIA ASSOCIATION OF REALTORS®(California Housing Market)": The California median home price is forecast to increase 2.5 percent to $607,900 in 2020, following a projected 4.1 percent increase from last year to $593,200 in 2019.

Keller Williams Palm Springs  - Mark Kunce: Low mortgage interest rates will support Palm Springs housing market in 2020 but economic uncertainty and 2020 Election distraction will mute sales growth. Palm Springs will continue to lead and amaze in 2020. The median price in Palm Springs was up 7% in Q3 YTD 2019. It will go up 8% in 2020.

Disclaimer: This story contains predictions and forecasts relating to home prices and other aspects of the housing market. Those forward-looking views are the equivalent of an educated guess and should be treated as such.

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Mark Kunce

 

KW Global Property Specialist

2011, 2012, 2013, 2014 Top KW Cares Donor

2012 Cultural Icon for Southern CA

 

Mark grew up in a family involved in Real Estate Sales and Development and brings over 30 years of Real Estate experience to the Team. Mark is a remodeling expert and possesses strong working knowledge of carpentry, plumbing, electrical, and design. Mark heads up our REO division and works closely with many of our Financial Clients to maximize profitability. Having proudly served our Country as a United States Marine, he mastered discipline, leadership, organizational skills, and the mental toughness that is often required in Real Estate. Mark has a Masters of Education degree and has applied his teaching skills in the United States, Japan, and Mexico. He brings great knowledge, understanding, strength, and professionalism to the Team in representing your interests. Mark has traveled to Washington DC, and attended Fannie Mae Congressional hearings dealing with the distressed housing market. He was recently an expert guest on The Michael E. Gerber Show and joined a select group of business experts and entrepreneurs to collaborate and co-write the business and marketing book titled Trendsetters: The World’s Leading Experts Reveal Top Trends To Help You Achieve Greater Health, Wealth and Success!

Keller Williams San Diego Metro - The My Home Team, formerly known as the San Diego My Home Team, has expanded our operations to now cover all of San Diego County and the Palm Springs area. Our brokerage has also expanded to its new location in Coronado with more new locations to come… In addition to being one of top teams in these areas, our passion and desire is to help local and national charities. In 2011 Dan Becker was named Keller Williams San Diego Metro Cultural Icon, and in 2013 Mark Kunce was named KW Cultural Icon for Southern California. These awards are for our work and contributions to KW culture and to our communities. Some of the organizations that we donate to and work with are KW Cares, The Youth Housing Project, Normal Heights Community Association, the Wounded Warrior Project, and the Wave Academy (Aquatic Therapy Education and Research for Military Personnel and Veterans diagnosed with Post Traumatic Stress Disorder). We believe in giving back. Thanks to you we can. 2016, Mark became the director of Keller Williams San Diego Metro Real Estate School

 

www.openhousespalmsprings.com
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