Some Highlights
- Experts project an optimistic year for the 2021 housing market.
- With mortgage rates forecasted to remain low, high buyer demand is expected to fuel more home sales and continue to increase home prices.
- Let’s connect today to determine how to make your best move in the new year.
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Don’t Fall for the Next Shocking Headlines About Home Prices
In the coming months, you’re going to see even more headlines that either get what’s happening with home prices wrong or are misleading.
Foreclosure Numbers Today Aren’t Like 2008
Today, foreclosures are far below the record-high number that was reported when the housing market crashed.
Explaining Today’s Mortgage Rates
Factors such as inflation, other economic drivers, and the policy and decisions from the Federal Reserve are all influencing mortgage rates today.
Homebuyers Are Getting Used to the New Normal
One positive trend right now is homebuyers are adapting to today’s mortgage rates and getting used to them as the new normal.
Home Prices Are Rebounding
Experts believe one of the reasons prices didn’t crash like some expected is because there aren’t enough available homes for the number of people who want to buy them.
Momentum Is Building for New Home Construction
If you’re looking to move right now, reach out to a local real estate professional to explore the homes that were recently completed.