Experts predict what the 2021 housing market will bring
Many economists anticipate another strong year with low mortgage rates and rising prices.
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Many economists anticipate another strong year with low mortgage rates and rising prices.
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Less populous areas and counties located in the Midwest and South are more likely to have more affordable homebuying than renting options, according to a report from Attom Data Solutions.
Sounds like good for business, right? Well, it was. But listing inventory remains low, with less than 500,000 homes for sale, according to Todd Teta, chief product officer at Attom Data Solutions. The supply-and-demand factor will increase home prices even more, which is great for sellers, and at the same time, could price many buyers out of the market. The name of the game in 2021 is going to be inventory — a conversation that shouldn’t be new to any of us in the real estate industry. Those who control the inventory, control the market. Our company is coming at this challenge from three ...
The average wage fell below the level needed to afford the typical home in the fourth quarter of 2020, according to ATTOM Data Solutions.