Selling Your Home - Magazine - Page 9
2021 Home Price Forecasts
Top real estate analysts’ expectations for annual price appreciation
14.8%
Average of All Forecasts: 12.46%
14.1%
12.1%
Fannie Mae
NAR
Freddie Mac
11%
Zelman
10.3%
MBA
Housing Demand
Will the high level of buyer demand last? For over a year, low mortgage rates have
powered buyer demand. While rates are projected to rise, they’re still much lower than
the historical norm, which creates opportunity for homebuyers. That’s why demand is
expected to remain high throughout 2021.
Taking into consideration the projections on housing supply and demand, real estate
analysts forecast home prices will continue to appreciate.
Bottom Line
There’s still a very limited number of homes for sale compared to the demand from
purchasers looking to buy them. As a result, home values will continue to appreciate,
making this fall a fantastic time to sell your current house.
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