top of page
Search

Where Do Experts Say the Housing Market Is Heading?

  • Pamela Punzalan
  • May 25, 2021
  • 2 min read

As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come.


realtor.com

“. . . homes 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 pattern is likely to be more normal, with homes selling fastest from roughly now until mid-summer.”


National Association of Realtors (NAR)

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


Danielle Hale, Chief Economist at realtor.com

“Surveys showed that seller confidence continued to rise in April. Extra confidence plus our recent survey finding that more homeowners than normal are planning to list their homes for sale in the next 12 months suggest that while we may not see an end to the sellers’ market, we might see the intensity of the competition diminish as buyers have more options to choose from.”


Freddie Mac

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


Bottom Line


Experts are optimistic about the second half of the year. Reach out to me today to learn more about the conditions in your local market.

 
 
 

Opmerkingen


  • facebook
  • instagram
  • Black LinkedIn Icon
  • googlePlaces

(310) 344-1475

REALTOR® LIC# 02042968

21250 Hawthorne Blvd Suite 750, Torrance, CA 90503

1221 Hermosa Ave Suite 210, Hermosa Beach, CA 90254

©2023 by Pamela Punzalan Properties Group

Apple App Store link
Google Play link

The Web Content Accessibility Guidelines (WCAG) defines requirements for designers and developers to improve accessibility for people with disabilities. It defines three levels of conformance: Level A, Level AA, and Level AAA. Punzalan Properties Group is partially conformant with WCAG 2.1 level AA. Partially conformant means that some parts of the content do not fully conform to the accessibility standard.

bottom of page