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What's Up Wednesday- November 25, 2020

Posted by Leanna Conoscenti on Wednesday, November 25, 2020 at 7:31 AM By Leanna Conoscenti / November 25, 2020 Comment

What's Up Wednesday - 11/25/2020- What are economists predicting for the 2021 housing market? 

Last week, Lawrence Yun, the National Association of Realtors’ chief economist, gave a presentation on the economy and housing market. He predicted that the 2021 housing market will bring a 23% increase in the number of new home sales, a 9% increase in the number of existing home sales, and a modest 3% increase in prices. 

 Yun thinks that since we are going into the new year with a housing shortage and that interested rates will stay low at around 3%, that home values are not in danger of declining. 

 One thing we have learned in 2020 is that you never know what the future holds, so if you are thinking about making a move in the next few months, now is the time to speak with one of our Residential Specialists to start going over your options. 

Now is the time to plan your next move:

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