New analysis from Veros Real Estate Solutions suggests that the current slowdown in the housing market is expected to continue until 2020, according to HousingWire. However, the company did outline a couple of markets that will stand firm during the slowdown and those that will be the weakest during the time period.
"According to the company’s data, homes in the nation’s 100 largest markets are projected to appreciate at a rate of 3.7% over the next 12 months, eventually ending by March 1, 2020," according to the report.
"While a majority of the nation’s housing markets are forecasted to cool down, Veros claims metros in California and Louisiana will be disproportionately impacted."
Veros noted that there will not be a significant depreciation, however, most markets will likely see a slowdown. Markets that are likely to stay strong during the period include: Olympia, Washington; Bellingham, Washington; Boise City-Nampa, Idaho; Odessa, Texas and Idaho Falls, Idaho.
Markets that are forecasted to be the weakest include: Lafayette, Louisiana; Baton Rouge, Louisiana; Danville, Illinois; Hammond, Louisiana and Alexandria, Louisiana.
To learn more about Verso Real Estate Solutions' analysis of the housing market up to 2020, click on the image above.