This monthβs video series is all about what to expect in the real estate market in 2021. Are we going to have a crash? Hi, Iβm Natasha Carroll with Natasha Carroll Realty. I donβt know about you, but Iβve found that the media inflate the truth, and, quite frankly, use negative headlines Β π to get more viewers. But letβs look at the projections for 2021 from people that have their pulse on the market and are experts in the real estate industry. Low interest rates are an indicator of a strong housing market.Β
According to Freddie Mac, the projected interest rates π will remain low. In fact, lower that weβve seen in the past five years. They are projecting interest rates to be in the lower threes for the remainder of 2οΈβ£0οΈβ£2οΈβ£1οΈβ£. Also Chief Economist of Realtor.com, Danielle Hale, states, βWe expect home sales in 2021 to come in 7% above 2020 levels.β Also, all major servicers like Fannie Mae, the Mortgage Bankers Association, and more, are forecasting an increase β¬οΈ in home prices in 2021
Not as significant of an increase as previous years, but still an increase. According to Lawrence Yun, Chief Economist of the National Association of Realtors, he states, and I quote, βThis winter may be one of the best winters βοΈ for sales activity.β 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 a such high level. I hope this information is helpful to giving you some insight into what we can expect in 2021. We are always here to help at Β Natasha Carroll Realty. Have an awesome home-buying and selling day.
