<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1955936548054264&amp;ev=PageView&amp;noscript=1">

2021: A Good Year for Real Estate


Check out the top 3 indicators that 2021 is gearing up to outpace 2020!

With the challenges brought on by 2020 many homeowners and renters have been left to reevaluate their space and what they need in a home in 2021 and beyond. So, if you have home buyers and sellers who still seem to be on the fence about the housing market, don't worry! With 2020 now officially behind us, 2021 is already preparing us for a very successful year with active buyers and sellers.

 

Indicator #1 - Low Mortgage Rates Continue

In the second part of 2020, the Fed announced interest rates will be low for an extended period of time. And they meant it! Freddie Mac projects interest rates for a 30-year fixed-rate mortgage are expected to remain at or near 3% throughout 2021. These low rates will continue to make homes more affordable.

 

Indicator #2 - Home Buyers' Affordability 

The economy has continued to maintain a strong upward growth trend since the beginning of the pandemic. The unemployment rate continued to drop as more people returned to work and remote work became a common practice.

These factors along with the continuation of low mortgage rates, gives home buyers an advantage. So, even though home prices continue to be high, homes are more affordable because of low interest rates. This is excellent news for home buyers! When rates are low, monthly payments are lower—which ultimately increases buyers' home affordability.

unlock-your-total-home-buying-power-ebook-coverDownload this FREE resource for your home buyers!

 

Indicator #3 - Future Home Sales Are Forecasted to Grow 

Home sales are projected to increase by 7% over 2020 and this is largely due to the increase of new construction. Although inventory will still be low due to the buyers' demands, the gap will not be as significant.

Experts expected to see an improvement in the pace of inventory declines starting just before the end of 2020 and determined that trend will continue into spring 2021. According to Realtor.com, 2021 should have a more "normal" seasonal pattern, and they are projecting that buyers and sellers are going to be very active in 2021.

Here's to a prosperous 2021! 


 
 
 
 
Please Enter a Name
Please Enter a Last Name
Please Enter a Valid City Name
Please Select a State
Please Enter a Valid Email Address
Please Enter a Valid Phone Number
Please Enter a Valid

Thank You!

We have received your request, and will reach out to connect with you shortly.

Thank you for taking to the time to reach out to Churchill Mortgage.

By submitting this form, I/we agree to your Privacy Policy Terms of Use and authorize Churchill Mortgage Corporation and/or their Preferred Provider for our area and/or The Churchill Agency to receive the above information to assist in obtaining a home loan.

I/we also authorize Churchill Mortgage Corporation, The Churchill Agency and/or their Preferred Provider for our area to contact us regarding but not limited to mortgage and insurance services and products via telephone, mobile phone (including through automated dialing), and/or email, even if telephone numbers or email I/we provide are on any Do Not Call/Contact Registry, such as corporate, state, or the National Do Not Call Registry. The submission of this form does not constitute in any way a formal loan application or a commitment for a loan. By communicating with us by phone, you consent to calls being recorded and monitored. By participating, you consent to receive text messages sent by an automatic telephone dialing system. Consent to these terms is not a condition of purchase.

Want To Work With Churchill Mortgage?

social proof logos