Southeast Florida real estate predictions for 2021 are favorable! The National Association of Realtors chief economist, Lawrence Yun, has readied real estate predictions for 2021. Last year the housing market was on fire with record-low mortgage rates and relocations made possible by remote job opportunities.
It is anticipated that home sales will maintain+ the 2020 momentum and will carry into 2021. The record low mortgage rates have been the key factor for home buying despite a challenging pandemic plagued job market. Jobs will steadily recover especially knowing that the vaccine distribution is just around the corner.
Expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high levels. While it is
…