Real estate analysts expect demand – and sales – for Bay Area homes to remain strong throughout 2021. Demand is expected to increase as (hopefully) the pandemic winds down and prices are expected to rise as well although probably at less than the 5 percent rate predicted nationally.
Experts expect the outwork migration from major cities to continue as remote work becomes more commonplace. Interest rates are expected to remain around 3 percent for the foreseeable future.
Analysts are concerned over the Bay Area’s housing deficit as inventory remains low and new construction is limited by increased construction costs.