Tuesday, January 5, 2021 / by Vyral Marketing
Q: What Will 2021 Bring to Our Market?
2020 ended with a lot left to be answered as far as what’s going to happen in the real estate market moving forward. There are, however, a few things we can predict with some certainty. For one, expect interest rates to stay at historic lows; experts say that rates should remain low throughout 2021. That means if you’re looking to buy sometime this year, you can expect homes to be affordable.
You can also expect inventory to stay low. With very few homes for sale in the market, home prices are on the rise, so we can therefore expect appreciation to increase at a very rapid pace. For those who plan to buy early in the year, this is a great opportunity to take advantage of price appreciation. If you’re selling, you can take advantage of our low inventory to get a great price for your home.
Whether you’re buying or selling, we’d love to speak with you about your situation to help you get the ball rolling. Don’t hesitate to reach out to us with any questions you have. In the meantime, make 2021 a great year!