What to Expect From the Housing Market in 2021
Extended time at home is shaping how people live every day, as well as what they want from their home and where they want to live well beyond this current season.
In 2021, here are a few trends shaping up for the housing market:
Interest rates are expected to remain low but increase gradually.
Average home prices will rise.
Home inventory will remain low, despite plenty of new construction.
Here's what experts are predicting for buyers, sellers, renters, and new construction in 2021.