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Four Expert Views on the 2021 Housing Market

billbyrdrei

The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to say about the year ahead.



“In 2021, I think rates will be similar or modestly higher, maybe 3%…So, mortgage rates will continue to be historically favorable.”



“We expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high levels.”



“With home builder confidence near record highs, we expect continued gains for single-family construction, albeit at a lower growth rate than in 2019. Some slowing of new home sales growth will occur due to the fact that a growing share of sales has come from homes that have not started construction. Nonetheless, buyer traffic will remain strong given favorable demographics, a shifting geography of housing demand to lower-density markets and historically low interest rates.”



“Mortgage rates are expected to remain low for the foreseeable future and millennials will continue forming households, keeping demand robust, even if income growth moderates. Despite the best intentions of home builders to provide more housing supply, the big short in housing supply will continue into 2021 and likely keep house price appreciation flying high.”


Bottom Line


Whether you’re ready to buy or sell a home in 2021, if you’re planning to take advantage of the market this winter, let’s connect to talk about the opportunities available in our local market.

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With unparalleled industry knowledge, experience, and local expertise, I'm the Mill Valley & Surrounding Areas Real Estate expert you've been looking for. 

Address: 591 Redwood Highway

Mill Valley, CA 94941  

Email: bill@byrdre.com

Phone: 415.599.5660

CAL DRE License #: 01100559

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© 2021 by Bill Byrd, REALTOR® | 591 Redwood Highway, Mill Valley, California, 94941, United States | 415.559.5660 | bill@byrdre.com

California Real Estate License #01100559. All rights reserved. I am not an attorney and cannot provide legal or tax advice. Please consult with an attorney or CPA for such matters. If you need help finding providers for these or any other related services, I can help with recommendations and references ONLY. Proudly created by AreaBeats, LLC and with Wix.com

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