Where the Housing Market is Headed, According to Experts

Many people are asking the question, is the second half of 2021 going to be as crazy as the first half? With the way the housing market has been, some people have put off searching for a new home. Below, you will find what some experts have said about the second half of 2021.

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.”

The Bottom Line

The second half of 2021 has a very optimistic look for the housing market! Meaning that now could be the perfect time to think about homeownership, and even building a brand new home with Faber Builders. Just fill out the contact form below and we will be in touch to help build your dream home!

This post, Where Do Experts Say the Housing Market is Heading?, first appeared on the Keeping Current Matters website