the ONLY Real Estate Market Predictions to watch in 2021! скачать в хорошем качестве

the ONLY Real Estate Market Predictions to watch in 2021!

the ONLY Real Estate Market Predictions to watch in 2021! 2020 what a wild ride. So what can we predict for 2021 in the real estate market? The housing market has seen record-breaking growth since June after briefly put on hold during the outbreak of the pandemic this spring. Despite economic uncertainty, highly controversial elections, and the aggravated spread of the pandemic, home buyers continue to quickly snatch up the relatively few homes listed for sale. 2020 was the year of record low interest rates and record low inventory. The rise in remote working has also driven up demand in suburban areas. The scarcity of developed land means that builders may not be able to supply enough new homes to meet the rising demand. The combination of these factors has caused home prices to inflate making it difficult to save for a down payment. It is predicted that as we recover from the pandemic and the economy continues to improve it will prop up the housing market competition. Some economist predict that we are looking to break more records in 2021. Strong growth is expected in 2021 for housing sales, rents, and home prices. A report from the Federal Reserve Bank of New York found that the median household expects to increase their spending by 3.7% in the next twelve months, the most optimistic outlook since 2016. This time the housing market is largely being driven by two factors: a shortage of available housing inventory and extremely low-interest rates. The housing market is still hot, but we may be starting to see rising home prices hurting affordability unless the mortgage rates continue to decline in 2021. Today home loan rates can be obtained as low as Two point six percent. On average a buyer may pay $415 per month for every one hundred thousand dollars of their loan. This is principal and interest only it does not include taxes, insurance or other reoccurring costs. Mortgage delinquencies fell to 6.44%. Freddie mac and Fannie may have extended the moratoriums foreclosures and evictions until at least January 31st 2021. Zillow Economic Research predicts that home values will increase by 3.6% in the next three months until Feb 2021. Another forecast is that home values will appreciate by 10.3% in the twelve months ending November 2021. The current forecast also calls for sales volume to remain elevated in the coming year, finishing 2021 at 6.9 million sales, the most since 2005. In previous forecasts, the company predicted a 4.8 percent increase in home values between August 2020 and August 2021. Based on the data and trends that we currently have the real estate market appears to be in high demand, prices are predicted to increase, interest rates are predicted to remain low and inventory may remain low as well. That’s it for todays market update. I hope you had a wonderful Christmas. I want to wish you all a happy new year. Follow 📲 @paulauskasrealty on Instagram for more REAL ESTATE CONTENT The Market is 🔥 and extremely competitive, who you have on your side matters. So if you have any questions about Buying or Selling a Home call our office at 661-450-8410 📲 Get your FREE COPY of the “Guru Guide to Sell your Home” over at www.TomPaul.info The Paulauskas Team www.TomPaul.info/events **Follow us on Social Media for daily content about Real Estate" Instagram - @PaulauskasRealty Facebook - @PaulauskasRealty Youtube - @PaulauskasRealty Linkedin - @PaulauskasRealty Email us if you are interested in Buying or Selling real estate in the Southern California area.