In a survey of 100 real-estate economists and experts conducted by real-estate website Zillow ZG, +1.56% and research firm Pulsenomics, a 43% plurality said that they believe the U.S. housing market will become a buyer’s market in 2020.
By then, the number of homes available for sale could finally outpace demand, allowing home buyers the chance to negotiate a lower and more affordable price on a property. The researchers didn’t give estimates on what kind of discounts buyers could expect.
They did, however, say that some markets will see the tide change sooner than others. The panel of expected predicted that the Midwest will be first to experience the shift into a buyer’s market as early as 2019, followed by the rest of the country in 2020.