What Does 2021 Look Like?
The year 2021 can only be better for the housing market than 2020, with the economy continuing to improve in 2021 under continued low mortgage rates, higher fiscal spending, and aggressive COVID-19 immunization. The National Association of Realtors projects existing-home sales to increase to 6 million in 2021 (from 5.6 million in 2020). Low mortgage rates hovering at 3% will continue to attract first-time and repeat buyers. Housing starts have started to increase, to an annualized rate of 1.7 million as of December, and if this pace continues, the higher supply will help keep prices from appreciation at double-digit rates by the second half of the year.
National Association of Realtors
What's Your Home Worth in This Market?
Before you list your home for sale, call The John McClintock Team at 267‑759‑9518 for no obligation recommendations on pricing and an overview of our comprehensive marketing package that includes, home staging, brokers' open house, virtual tour, video tour and social media sharing.