What's Happening in the Real Estate Market in 2021? Are we Going to see a Crash?

Dated: February 1 2021

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This month's video series is all about What to expect in the Real Estate Market in 2021 are we going to see a crash? ?

Hi, Lisa Taylor with Homes by Lisa and eXp Realty.  I don’t know about you, but I find that every article I read has a different view on the Real Estate Industry, so what is really going on? ?

Let’s look at projections for 2021 from people who are experts and have their pulse in the Real Estate Industry.  ?

Low interest rates are an indicator of a strong housing market.  According to Freddie Mac, they project interest rates to remain low, in fact lower than what we’ve seen in the past 5 years.  They are projecting interest rates to be in the low 3’s for the remainder of 2021.  ?

Chief Economist of Realtor.com Danielle Hale, states  

? We expect home sales in 2021 to come in 7.0% above 2020 levels.  Also, all the major servicers like Fannie Mae, the Mortgage Bankers Association and more are forecasting an increase in home prices in 2021.  Not as significant of an increase as previous years, but still an increase.?

Lawrence Yun Chief Economist of National Association of Realtors states “This winter may be one of the best winters for sales activity...on a winter-to-winter comparison, this could be one of the best breakout years just based on the fact that pending contracts are at such a higher level.” 

I hope this information is helpful to you in giving you some insight to what 2021 may bring.?

 

If you’re thinking of buying a home or selling a home in Wellington, Royal Palm Beach or the Westen Communities, we are here to help. ☺️

We’ve helped lots of people find their Dream Home.  Reach out anytime even if you’ve just got questions.   And remember, Lisa Taylor with Homes by Lisa and eXp Realty, for Your Home … Taylor Made.  

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Lisa Taylor

Originally from Leeds, England, Lisa Taylor decided to make Florida her home. She has lived and worked here for almost 30 years, most of those being in Palm Beach County. She lives in Wellington with ....

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