Here are the latest market predictions for the new year ahead of us.
Here we are at the beginning of the new year, and given the accelerating pace of our market, it feels like we’ve been shot out of a cannon; I believe that 2021 is primed to be a historic selling season. There are tremendous opportunities to maximize gains from a seller’s perspective, but luckily, buyers will also have plenty to smile about in the year ahead with interest rates projected to stay historically low.
“There’s nothing more fun than representing a seller whose home has triggered a bidding war—2021 is going to be a very fun year.”
As you may have heard, interest rates hit historic lows on 13 separate occasions in 2020, which helped homebuyers mitigate the sting of highly appreciating home values; that saving grace will draw many buyers into the market this year, too. That said, it’s more important than ever to do your homework and not get caught up in the emotions of a bidding war. Of course, if you’re a seller, a bidding war is exactly what you want to stir up—there’s nothing more fun than representing a seller in that situation.
I hope you have a stellar start to the new year. If you have further questions about where our market is headed or real estate needs I can help you with, don’t hesitate to reach out to me by phone or email. I’m always here to be your real estate resource, and I look forward to hearing from you soon!