Zillow’s 2021 housing predictions are out and some of the more interesting ones include:
- Spring 2021 will be one of the hottest real estate seasons in memory as vaccines continue to roll out, local economies and schools begin opening back up, and a growing concern over higher mortgage rates in the fall.
- Advances in technology and a growing comfort in shopping from home will lessen the traditional seasonality of house buying.
- Home sales growth will be the largest since the 1980s as they expect a 21.9 percent growth rate and a total of 6.9 million homes sold.
- Rent prices will increase as there will be fewer concessions from landloards.