Where Do Experts Say The Housing Market Is Heading?

Many are wondering if we’ll see a big change in the housing market during the second half of 2021.  Here are what some experts are saying about the key factors that will drive the industry and economy in the months to come.

National Association of Realtors “Sellers who have been hesitant to list homes as part of their personal health and safety precautions may be more encouraged to list and show their homes with a large percentage of the population mostly vaccinated by the mid-year”

Freddie Mac  “We forecast that mortgage rates will continue to rise through the end of next year.  The 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021 and rising to 3.8% in the fourth quarter of 2022”

Realtor.com  “Homes will continue to sell quickly in what’s normally the fastest-moving time of the year.  This is in contrast with 2020 when homes sold slower in the spring and fastest in September and October.  While we expect fall to be competitive, this year’s seasonal patterm is likely to be more normal, with homes selling fastest from now until mid-summer”