3 Major Predictions for the 2021 Housing Market, According to Homes.com

2021-02-18T19:43:57-05:00February 27th, 2021|Categories: Potential Markets, Real Estate, Tips|Tags: , , , , , , |

In 2020 Americans saw historically-low mortgage interest rates, brisk home sales with low home inventory in many markets, and bidding wars. But what kinds of housing market conditions can homebuyers and sellers expect this year? Here are three big predictions compiled by Homes.com. House flippers, we’ve summarized them for you here. Home prices that rise by nearly 10 percent In a mid-December National Association of Realtors (NAR) survey of housing and economic experts, the experts reached a consensus that home prices will increase by 8 percent this year. This bodes especially well for house flippers. An increase in mortgage rates,