Real Estate Predictions for 2021

Real Estate Predictions for 2021

Real Estate Predictions for 2021. Four predictions for the real estate market in the US in 2021 from CoreLogic’s Chief Economist. What is CoreLogic and why are their predictions important to consider? Hi, I’m Rich Barnes, owner/broker of Realty Experts in West Allis, Wisconsin, 53214. Now I’ve been selling real estate in the Milwaukee area for over 21 years. I live, eat, and breathe real estate. I trust CoreLogic because CoreLogic is a leading provider to the government and business of analytics, financial and property data. So my opinion, their predictions hold their weight in gold because they’re based on data and facts. Prediction number one, we will continue to have low interest rates through 2021. They are at record lows right now. He believes the Federal Reserve will continue to promote low interest rates throughout 2021. Right now, fixed year 30 rate mortgages are averaging about 2.7% nationwide, which is a record low. Their forecast on average for interest rates for the year as a whole will be 2.9%. This will be the first year ever that a 30 year fixed rate mortgage will have averaged less than 3%. He also predicts these low interest rate levels to go into 2022. Be sure to search my YouTube channel for all four real estate predictions for 2021. That would be Richard Barnes-YouTube. Feel free to reach out. I’m here to help. Thanks and you have a great day.

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