Real Estate According to Lisa

Real Estate Resources

The decision to buy or sell your home is one of the most significant decisions a person can make in their lifetime. Because of its importance, this task requires a trained professional to help navigate the transaction, and that's where I'd love to help you. As always, feel free to reach out with any questions you might have.

Four Expert Views on the 2021 Housing Market

The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here’s what four experts have to say about the year ahead.

Lawrence Yun, Chief Economist, National Association of Realtors (NAR)

“In 2021, I think rates will be similar or modestly higher, maybe 3%…So, mortgage rates will continue to be historically favorable.”

Danielle Hale, Chief Economist, realtor.com

“We expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high levels.”

Robert Dietz, Senior Vice President and Chief Economist, National Association of Home Builders (NAHB)

“With home builder confidence near record highs, we expect continued gains for single-family construction, albeit at a lower growth rate than in 2019. Some slowing of new home sales growth will occur due to the fact that a growing share of sales has come from homes that have not started construction. Nonetheless, buyer traffic will remain strong given favorable demographics, a shifting geography of housing demand to lower-density markets and historically low interest rates.”

Mark Fleming, Chief Economist, First American

“Mortgage rates are expected to remain low for the foreseeable future and millennials will continue forming households, keeping demand robust, even if income growth moderates. Despite the best intentions of home builders to provide more housing supply, the big short in housing supply will continue into 2021 and likely keep house price appreciation flying high.”

Bottom Line

Whether you’re ready to buy or sell a home in 2021, if you’re planning to take advantage of the market this winter, contact a trusted real estate professional to learn about the opportunities available in your local market.

Courtesy of Keeping Current Matters

San Diego Events to Catch this Month

COVID-19 Update: For any news and updates on the COVID-19 Pandemic in San Diego, click here.

January 1-30: San Diego Watercolor Society "Values Matter" Virtual Gallery

January 1-31: Old Globe Marketplace (Online Shop)

January 8: Liberty Station First Friday Arts District (Virtual Event)

Lisa Bruni                                                                                                                                                                      United Real Estate San Diego

DRE 02066376                                                                                                                                                     (760) 201-7202, homesbylisabruni@gmail.com