In tonight's housing market 2020 forecast real estate report, I will be going over Washington DC, Jacksonville, & Phoenix. Washington DC housing market is getting pulled in both directions.  Homes are selling for above list price, and also being listed above the list price.  So it's a toss up in your are looking to buy and/or invest in Washington DC.  Jacksonville is an attractive market and it is moving very quickly.  There is going to be opportunities on both sides of buying/investing in real estate.   As far as investing in Jacksonville, it's a good time but if you can wait there will be a better time to invest there.   The housing market in Jacksonville for investing has a very solid base and tenant strength.  Phoenix is an interesting area with great weather, so it's going to attract a lot of the folks making the mass exodus out of major areas such as IL, CA, & NY.  There will be several thousands of people leaving California and most likely their first stop will be the Phoenix area.  If you are looking to invest in Phoenix, keep in mind this housing market has some big players investing in Phoenix.  Don't let that discourage you, take some creative strategies and implement them.

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0:00 Intro
0:35 Washington DC housing market for buyers/non-investors
3:10 Washington DC housing market for investors
5:15 Jacksonville housing market for buyers/non-investors
7:37 Jacksonville housing market for investors
9:57 Phoenix housing market for buyers/non-investors
13:34 Phoenix housing market for investors

1. Washington DC Housing Market 2020 Analysis (October 2020)
Avg. Price of Homes:  $645K
Days on Market: 28 Days
32.7% Homes sell above listing price
Avg. Price of Rent:  $2,219

2. Jacksonville Housing Market 2020 Analysis (October 2020)
Avg. Price of Homes:  $229K
Days on Market:  38 Days
56.9% Homes sell above listing price
Avg. Price of Rent:  $1,287

3. Phoenix Housing Market 2020 Analysis (October 2020)
Avg. Price of Homes:  $317K
Days on Market:  21 Days
33.9% Homes sell above listing price
Avg. Price of Rent:  $1,330

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---DISCLAIMER--- The suggestions, advice, and/or opinions that are given by Sam Kwak (The Kwak Brothers) are simply opinions. There are no guarantees of set outcomes. Listeners, guests, and attendees are advised to always consult with attorneys, accountants, and other licensed professionals when doing a real estate investment transaction. Listeners, guests, and attendees are to hold Sam Kwak, Novo Elite, Inc. and the Kwak Brothers brand harmless from any liabilities and claims. Not all deals will guarantee any profit or benefits. Listeners, guests, and attendees are to view and listen to all materials and contents furnished by the Kwak Brothers as a perspective based upon experience.