With the economy slowly recovering, more and more people getting vaccinated, and an improved optimistic spirit it may not be too foolish to forecast what’s coming in the remainder of 2021.
- Mortgage rates will rise. While still quite low, rates have been increasing and it’s expected this trend will continue.
- Inventory should increase. As things slowly continue to improve, it is expected that more home owners consider moving in 2021, thus increasing inventory.
- Millennials will drive the market. Currently the largest segment of the home buying population, over a quarter of millennials said they wanted to buy a home in 2021.