Another housing market forecast for 2020:
With low inventory and (relatively) strong demand, home prices will continue to increase. September 2020 saw an 11 percent increase over the previous year while inventory decreased 39 percent year-over-year. The suburbs and smaller towns will continue to draw interest as working remotely continues and, with it, the need for additional space.
There is some optimism in housing starts but this will undoubtedly depend on the economy and, of course, the pandemic.