US Housing Market Forecast 2021: Will It Crash or Boom? JANUARY 29, 2021 BY MARCO SANTARELLI

Dated: February 11 2021

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Here are the latest housing market predictions and forecasts for 2021 & 2022. The global pandemic shattered the world order and the US economy suffered its biggest blow since the Great Depression in the second quarter. The housing market too briefly hit pause in spring. Back in March of 2020, the real estate market looked to be headed into a steep decline due to widespread stay-home orders.

The pandemic has certainly affected every sector but residential real estate has been very resilient. The real estate sector has also been highly supportive of the economic recovery of the country so far. It has emerged as a pillar of support for the economy. 2020 was a record-breaking year for the US housing market. According to Zillow, in total, 5.64 million homes were sold in 2020, up 5.6% from 2019.

The typical U.S. home was worth $266,104 in December, up 8.4% (or $20,587) from a year ago. House prices in all the major markets continue to rise. According to economists and market watchers, home values are growing at their fastest pace in a generation, and are showing no signs of slowing down in 2021.

Buyers have to face more competition and act more quickly than usual to snag their dream home. That's how hot the real estate market has been throughout the pandemic. Although millions were laid off or furloughed it didn’t prevent house hunters from buying homes across the nation.

As a result, the housing market saw the highest pace of sales growth since the height of the unprecedented housing boom in 2005. That expansion was driven by negligent lending in the subprime mortgage market and the current housing boom is driven by the intense demand and record-low mortgage rates. Both of these factors were driven by the coronavirus pandemic.

Housing prices had already started rising before the pandemic arrived but the pandemic created a rapid acceleration in double-digits. The housing market has seen record-breaking growth since June after briefly put on hold during the outbreak of the pandemic this spring.

As prices keep climbing month-over-month, it just shows the resilience of the US housing market in the face of an ongoing economic recession. Despite looming economic uncertainty, highly controversial elections, and the aggravated spread of the pandemic, home buyers continue to quickly snatch up the relatively few homes listed for sale.

The pandemic has really knocked down homebuilders' ability to fill the housing supply as they are running out of land. The housing market has already been running too short of previously owned homes. The number of homes for sale has plummeted and remained down around 30 percent of what it has been in recent years — leaving the market with nearly twice the demand and two-thirds of the supply.

Both the inventory of homes and mortgage rates are now at their historic lows. The months’ supply of existing homes for sale has fallen to 1.9 months, the lowest level since the series began in 1999. With inventories this tight, it is unlikely that existing home sales can continue to rise at last year's pace, which means there could be a little slowdown in existing sales throughout 2021. ESR Group expects home sales to rise 3.8 percent in 2021.

The rise in remote work has also sparked a new suburban boom and the scarcity of developed land means that builders could be unable to meet the rising demand and home prices would continue to rise in 2021. One thing that has been talked about a lot is that suburban housing markets are booming because of outbound migration from cities. The pandemic has caused some homebuyers to search for homes in a different area than originally planned.

Various surveys indicate that interest in rural areas and suburbs is up and interest in urban areas is down. However, Zillow published an exhaustive study examining every conceivable housing-market data point related to cities and suburbia to see if there are major divergences that suggest an urban-to-suburban migration trend.

According to that study, suburban housing markets have not strengthened at a disproportionately rapid pace compared to urban markets. Both region types appear to be hot sellers’ markets right now – while many suburban areas have seen a strong improvement in housing activity in recent months, so, too, have many urban areas.

Nevertheless, the pandemic has increased the desire for houses with a bit more space and a garden. Couple that with record-low interest rates, and prices are rising dramatically all over the country from urban-to-suburban markets. 

2021 Housing Affordability Crisis

The combination of intense demand and the low mortgage rates has pushed home prices to levels that are making it difficult to save for a down payment, particularly among first-time buyers. While we still face economic and health challenges ahead, it is no doubt that the nation will continue to recover from this pandemic and an improving economy will continue to prop up the housing market competition. Industry experts believe the housing market will remain strong and is set to break more records in 2021.

Various national surveys (which you can read below) show that consumers are eager to spend more on housing in 2021, as the economy continues to slowly recover from the pandemic. Strong growth is expected in 2021 for housing sales, rents, and home prices. A report from the Federal Reserve Bank of New York found that the median household expects to increase their spending by 3.7% in the next twelve months, the most optimistic outlook since 2016.

This time the housing market is largely being driven by two factors: a shortage of available housing inventory and extremely low-interest rates. Double-digit annual growth in both list and sale prices show an extreme lack of inventory and incredible demand — A sign of a seller's real estate market. The housing market is still hot, but we may be starting to see rising home prices hurting affordability unless the mortgage rates continue to decline in 2021.

Mortgage rates have risen slightly from the trough seen in early January, but they continue to be historically low, which should support mortgage demand. Mortgage applications decreased 4.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 22, 2021. The Refinance Index decreased 5 percent from the previous week and was 83 percent higher than the same week one year ago.

Mortgage rates were mixed last week, with the 30-year fixed rate rising to its highest level since November 2020 at 2.95 percent, and all other rates in the survey posting a decline. Despite house mortgage rates being less than 3%, housing affordability has decreased because the effect of lower mortgage rates (for buyers) is being evened out by double-digit home price growth.

In 2021, mortgage rates are expected to stop dropping. Rather, the National Association of Realtors expects rates to average 3.1% and the Mortgage Bankers Association says mortgage rates will average 3.3% in 2021. These rate estimates are both up from the 3.0% mortgage rate average in 2020 but lower than 2019 average rates.

The combination of rising mortgage rates and increasing home prices will accelerate the decline in affordability and further squeeze potential home buyers during the spring home sales season. Mortgage rates fell further this week, following the trend of the 10-year Treasury yield. According to Bankrate’s latest survey of the nation’s largest mortgage lenders: For today, Friday, January 29, 2021, the benchmark 30-year fixed mortgage rate is 2.860%.

Expect mortgage rates to continue to hover around record lows. The Federal Reserve has reassured that it will keep interest rates and its bond-buying program unchanged — downplaying any urgency to bring borrowing costs back up from their lowest levels in history at near zero.

At the current 30-year fixed rate, you’ll pay $414 as principal & interest each month for every $100,000 you borrow, down from $421.60 last week. A year ago, the 30-year fixed-rate, was 3.70 percent, so you would have paid $460 each month for the same amount.

According to Realtor.com, the median listing prices grew at 14.4 percent over last year, notching 24 consecutive weeks of double-digit price growth. With demand still high and supply still limited, this path seems unlikely to change in the coming months. 2021 real estate market is predicted to remain sizzling hot affecting housing affordability.

So, for now, we have a median price of $340,000 and a 30-year fixed mortgage rate of 2.860%. Assuming a buyer provided a 20% down payment, the principal and interest payments on the mortgage would have been $1,126 a month.

Contrast that with December 2019, when the median price was around $300K and the average interest rate on a 30-year mortgage was around 3.58%, according to Freddie Mac. A buyer faced a payment of $1,088, or $38 less a month than what he is paying now. Assume that builders and sellers had met buyer demand, keeping prices flat over the year.

Lower mortgage rates would have resulted in a monthly payment of $993, or a savings of $95 a month as compared to a year before. As you can see, low mortgage rates help but don't eliminate the risk of affordability crunch that the housing market could still face if home prices continue to rise at a rapid pace.

Buying a home in a seller’s market can feel like you’re losing money. You may just wait a few months or even a year so that prices will flatten (or come down). The problem is that prices could keep rising to the point where you’re priced out of the market. There’s no guarantee either way. Therefore, we feel this is the right time to buy your dream property or you can opt to refinance at today’s rates to at least cut your monthly mortgage payments.

Home Value Forecast 2021: Growth Hasn’t Ended Yet

For now, there are no indications that price growth is going to slow. Zillow Economic Research predicts that home values will increase by 3.6% in the next three months until Feb 2021. Another forecast of theirs is that annual home value growth will rise as high as 13.5% by mid-2021 and for home values to end 2021 up 10.5% from their current levels.

The current forecast also calls for sales volume to remain elevated in the coming year, finishing 2021 at 6.9 million sales, the most since 2005. In previous forecasts, the company predicted a 4.8 percent increase in home values between August 2020 and August 2021. The current extreme demand that is reflected in sharply rising prices, can be attributed to the pent-up demand for home purchases from the March-July period when a great part of the country was in total lockdown.

The housing sales and prices have stayed strong through the fall and winter months amid increasingly short inventory and high demand. Existing home sales also show the tightest housing market on record. The demand has not gotten significantly shorter since last May/June, and buyers and sellers are continuing to connect at a record pace. December existing-home sales rose 0.7% from November.

This trend shows that the housing market is as strong as it was during the housing bubble. It is nowhere too close to a level where you can imagine the balance real estate market conditions. Speedy home sales continue in all regions of the country and the median sales price continues to have double-digit growth. The flow of buyers and sellers has remained abnormally high in the entire fall season.

Not only the housing demand but the supply of new listings has also reached the highest point since the onset of the pandemic. Although sellers are listing more & more homes we need more new home supply to add to inventory and slow these sharp price increases.

As was expected, real estate activity was much better this holiday season compared to last year. Realtor.com’s December 2020 housing data release shows that listing prices continued to increase at double-digit rates compared to last year, fueled by buyer demand, which also continued to snap up homes at a rate almost two weeks more quickly than last year. Extremely low mortgage rates contributed to demand and relative affordability.

  • National inventory declined by 39.6% over the last year and fell below 700,000 for the first time in their records.
  • The inventory of newly listed properties declined by 0.8% nationally and grew by 7.6% for large metros over the past year.
  • The December national median listing price was $340,000, up 13.4% compared to last year. Large metros saw an average price gain of 8.8% compared to last year.
  • Nationally, the typical home spent 66 days on the market in December, 13 days less than the same time last year.

With a shallower than normal pullback, the market is setting up for a strong start to 2021, especially if the new supply continues to improve. Buyer demand remains far more recovered than supply and continues to grow. With supply-constrained and demand boosted, house prices seem to rest on solid foundations for next year. They are likely to hold up even if there is a decline in transaction activity in the coming months.

This steadiness suggests despite improvements in the trend of new sellers, the current trend gives no relief to buyers because it would not slow down the price growth. Steady declines in active inventory especially in the face of an improving new listings growth trend suggest that buyers are quickly putting offers on homes.

The housing market continues to favor sellers. With high interest from buyers and a limited flow of new listings, the total active listings have been lagging from the previous year. Homes are being sold at an increasingly fast pace when compared to the previous year. The typical home spent 66 days on the market this December, which is 13 days less than last year.

As new inventory comes on to the market. they are quickly taken out of the market from heavy buyer competition. Therefore, housing units are still in short supply with unsold inventory sitting at a 1.9-month supply at the current sales pace.

Housing Market and Mortgage Delinquencies 2021

Record-low mortgage rates and shortage of inventory are keeping the US housing market strong concerning buyer demand. Prices have been surging month-over-month breaking new records. The government’s moratoria have effectively stopped foreclosure activity on everything but vacant and abandoned properties. 2020 ended the year with a near-record number of seriously delinquent loans, but historically low levels of foreclosure activity.

There is a backlog of foreclosures building up due to this moratorium and no one knows how big that backlog is until after the government programs expire. The foreclosure backlog comprises three types of loans — loans that were in foreclosure before the government's moratoria; loans that would have defaulted under normal circumstances; and loans that would default due to job losses induced by the pandemic.

To help borrowers at risk of losing their home due to the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until February 28, 2021.

It will give relief to more than 28 million homeowners with an Enterprise-backed mortgage. The foreclosure moratorium applies to Enterprise-backed, single-family mortgages only. The REO eviction moratorium applies to properties that have been acquired by an Enterprise through foreclosure or deed-in-lieu of foreclosure transactions. The current moratoriums were set to expire on January 31, 2021.

Per the last three extensions, the FHFA said it will continue to monitor the effect of coronavirus on the mortgage industry and update its policies as needed. Currently, FHFA projects additional expenses of $1.4 to $2 billion will be borne by the Enterprises due to the existing COVID-19 foreclosure moratorium and its extension.

Mortgage delinquencies improved in December 2020 but 2020 ended with 1.7 Million more seriously delinquent homeowners than at the start of the year, according to the latest data released by Black Knight.

  • Despite the year-over-year increase, the national delinquency rate saw a modest improvement in December, falling by 3.9% from November to 6.08%, the lowest level since April 2020
  • Serious delinquencies (loans 90 or more days past due) also improved, falling to 2.15 million from 2.19 million the month prior
  • Even after months of improvement, 90-day default activity rose by more than 250% (+2.6 million) overall in 2020
  • Foreclosure starts fell by 67% from the year prior and the year’s 40,000 foreclosure sales (completions) represented an annual decline of more than 70%
  • Starts and sales have hit record lows as moratoriums and forbearance plans protect distressed homeowners from facing foreclosure in the wake of the pandemic
  • Prepayment activity rose by 12% in December, ending the year 112% higher than the same month in 2019 and highlighting a still-strong refinance market entering 2021

ATTOM Data Solutions, licensor of the nation's most comprehensive foreclosure data released its Year-End 2020 U.S. Foreclosure Market ReportThe report shows that foreclosure filings (default notices, scheduled auctions, and bank repossessions) were reported on 214,323 U.S. properties in 2020, down 57 percent from 2019 and down 93 percent from a peak of nearly 2.9 million in 2010, to the lowest level since tracking began in 2005.

Those 214,323 properties with foreclosure filings in 2020 represented 0.16 percent of all U.S. housing units, down from 0.36 percent in 2019 and down from a peak of 2.23 percent in 2010. The report also includes new data for December 2020, showing there were 10,876 U.S. properties with foreclosure filings, up 8 percent from the previous month but down 80 percent from a year ago.

Bank repossessions decrease 95 percent since their peak in 2010. Lenders repossessed 50,238 properties through foreclosure (REO) in 2020, down 65 percent from 2019 and down 95 percent from a peak of 1,050,500 in 2010, to the lowest level as far back as data is available — 2006.

States with the highest foreclosure rates in 2020 were Delaware (0.33 percent of housing units with a foreclosure filing); New Jersey (0.31 percent); Illinois (0.30 percent); Maryland (0.26 percent); and South Carolina (0.24 percent).

Rounding out the top 10 states with the highest foreclosure rates were Florida (0.23 percent); Connecticut (0.22 percent); Ohio (0.21 percent); Georgia (0.19 percent); and Indiana (0.18 percent).

Metro areas with a population greater than 1 million that had the highest foreclosure rate, were, Cleveland, Ohio (0.34 percent); Chicago, Illinois (0.30 percent); Baltimore, Maryland (0.29 percent); Philadelphia, Pennsylvania (0.29 percent); and Riverside, California (0.28 percent).

New Single-Family Housing Construction Trends

The NAHB gets input from builders on how confident they are in the housing market based on buyer behavior, sales, and incorporates any forecasts as well. The building permits have rebounded from pandemic lows and builders are racing to fill the gap between supply and demand.

Rising material costs led by a huge upsurge in lumber prices, along with a resurgence of the coronavirus across much of the nation, pushed builder confidence in the market for newly-built single-family homes down three points to 83 in January, according to the latest NAHB/Wells Fargo Housing Market Index (HMI). Despite the drop, builder sentiment remains at a strong level.

All three major HMI indices fell in January. The HMI index gauging current sales conditions dropped two points to 90, the component measuring sales expectations in the next six months fell two points to 83 and the gauge charting traffic of prospective buyers decreased five points to 68. Looking at the three-month moving averages for regional HMI scores, the Northeast fell six points to 76, the Midwest was up two points to 83, the South fell one point to 86 and the West posted a one-point loss to 95.

The decline in homebuilder sentiment in January and the sharp drop in new home sales in November suggests that single-family starts may decelerate in the near-term from the current impressive pace. The demand for home purchases remained strong in mid-January, as purchase mortgage applications hit a 12-year high.

“Despite robust housing demand and low mortgage rates, buyers are facing a dearth of new homes on the market, which is exacerbating affordability problems,” said NAHB Chairman Chuck Fowke. “

“While housing continues to help lead the economy forward, limited inventory is constraining more robust growth,” said NAHB Chief Economist Robert Dietz. “A shortage of buildable lots is making it difficult to meet strong demand and rising material prices are far outpacing increases in home prices, which in turn is harming housing affordability.”

New Residential Home Sales: December 2020

Sales of existing home sales are at an all-time high but new home sales have also risen during the pandemic. Those sales are allowing builders to raise prices. Buyer traffic is converting into sales at a record rate. According to Urban Land Institute, real estate market conditions and values in the U.S. are expected to rebound in 2021 and trend even higher in 2022, with single-family homes outperforming other sectors such as commercial, retail, hotel, and rental.

New single-family construction starts will fall slightly to 871,250 in 2020 before rising to 940,000 in 2021 and 975,000 in 2022, the highest level since 2006. In the meantime, home prices will grow an average of 4.1% over the next three years, above the long-term average of 3.9%, according to the report, based on a survey of 43 economists at 37 leading real estate organizations.

An estimated 811,000 new homes were sold in 2020. This is 18.8 percent (±4.3 percent) above the 2019 figure of 683,000. Sales of new single-family houses in December 2020 were at a seasonally adjusted annual rate of 842,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 1.6 percent (±15.8 percent) above the revised November rate of 829,000 and is 15.2 percent (±17.2 percent) above the December 2019 estimate of 731,000.

The median sales price of new houses sold in December 2020 was $355,900. The average sales price was $394,900. The seasonally-adjusted estimate of new houses for sale at the end of December was 302,000. This represents a supply of 4.3 months at the current sales rate.

New Residential Home SalesTill the time coronavirus pandemic exists it will lead to a see-saw recovery with ups and downs. Let us discuss in detail the various housing indices & their predictions for 2021 & 2022. We have updated this article with the latest housing market report from various credible sources like Realtor.com (check reference section).

National Multifamily Housing Trends

The multifamily industry continues to face steep challenges brought in by the pandemic. The federal government has included $25 billion as rental assistance in the recently passed COVID relief package. The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 88.6 percent of apartment households made a full or partial rent payment by January 20 in its survey of 11.6 million units of professionally managed apartment units across the country.

This is a 2.5 percentage point, or 294,224 household decrease from the share who paid rent through January 20, 2020, and compares to 89.8 percent that had paid by December 20, 2020. These data encompass a wide variety of market-rate rental properties across the United States, which can vary by size, type, and average rental price.

Housing Market Crash Predictions For 2021 & 2022

The US housing market is far from crashing in 2021 or 2022. In fact, it continues to play an important supportive role in the country’s economic recovery. Current economic conditions resemble a “swoosh” pattern, with the initial impact from the lockdown followed by a gradual recovery as the economy reopens.

Mortgage rates and slow but steady improvements to the job landscape continue to propel confidence for first-time buyers. The pace of existing-home sales has jumped to a level not seen since 2006 and, importantly, was followed by strong pending sales, purchase mortgage applications, and construction data.

The U.S. economy is expected to grow 5.3 percent in 2021, a substantial improvement from the currently projected 2.7 percent contraction in 2020, with a strong pick-up in growth projected to commence over the spring months, according to the latest commentary from the Fannie Mae (FNMA/OTCQB) Economic and Strategic Research (ESR) Group.

Housing activity is expected to remain strong in 2021, but the growth will likely decelerate from the torrid pace set in the second half of 2020. While the ESR Group expects home sales to rise 3.8 percent in 2021, the monthly pace is likely to slow through much of the year. Home price appreciation is also expected to slow along a similar timeline.

Historically, low-interest rates are also an inducement to buy homes, but slow supply growth continues to result in high levels of home price appreciation, which is offsetting some of the affordability benefits of the lower rate environment. Housing starts have surpassed expectations at the end of 2020 and remain poised to show continued strength in 2021.

The latest forecast of full-year 2021 real GDP growth is an upgrade of 0.8 percentage points from the previous month’s forecast, reflecting the ESR Group’s view that the expansion of COVID-19 vaccination efforts and the approach of warmer weather will likely reverse the economic weakness experienced at the end of 2020.

As Federal Reserve has made clear that it has no intention of raising interest rates soon, many households are seizing the opportunity to refinance their existing mortgages. Let's first see how various consumer surveys are responding in wake of this crisis.

The Fannie Mae Home Purchase Sentiment Index® (HPSI) is a good indicator of the houisng recovery and buyer and seller behavior. The index measures housing attitudes, intentions, and perceptions, using six questions from the National Housing Survey® (NHS). The HPSI fell for the second straight month in December to 74.0, a 6.0 point decline from November.

Five of the six HPSI components decreased month over month, and consumers reported a substantially more pessimistic view of homebuying and home-selling conditions, which drove the relatively large monthly change. Year over year, the HPSI is down 17.7 points. It fell 1.7 points in November to 80.0, the first decline after three consecutive months of increases since late spring.

The sell-side component fell for the first time since April and by 18 points which shows a more pessimistic view of home-selling conditions and home prices, including mortgage rate expectations. If sellers choose to wait to list their homes, this could have the effect of perpetuating already-tight inventory levels and supporting additional home price growth, which could contribute to a further moderating of home sales and decreasing housing affordability.

The latest survey finds out the percentage of respondents who think it’s a ‘good/bad time to sell a home’ vs those who think it's a ‘good/bad time to buy a home’. 

  • Good/Bad Time to Buy: The percentage of respondents who say it is a good time to buy a home decreased from 57% to 52%, while the percentage who say it is a bad time to buy increased from 35% to 39%. As a result, the net share of Americans who say it is a good time to buy decreased 9 percentage points month over month.
  • Good/Bad Time to Sell: The percentage of respondents who say it is a good time to sell a home decreased from 59% to 50%, while the percentage who say it’s a bad time to sell increased from 33% to 42%. As a result, the net share of those who say it is a good time to sell decreased 18 percentage points month over month.
  • Home Price Expectations: The percentage of respondents who say home prices will go up in the next 12 months remained the same at 41%, while the percentage who say home prices will go down increased from 13% to 16%. The share who think home prices will stay the same decreased from 35% to 34%. As a result, the net share of Americans who say home prices will go up decreased 3 percentage points month over month.
  • Household Income: The percentage of respondents who say their household income is significantly higher than it was 12 months ago decreased from 24% to 20%, while the percentage who say their household income is significantly lower remained unchanged at 18%. The percentage who say their household income is about the same increased from 57% to 61%. As a result, the net share of those who say their household income is significantly higher than it was 12 months ago decreased 4 percentage points month over month.

The Federal Reserve Bank of New York's Center for Microeconomic Data released the December 2020 Survey of Consumer Expectations, which shows that median inflation expectations increased at the medium-term horizon, and remained unchanged at the short-term horizon. Uncertainty about future inflation increased slightly, remaining at an elevated level.

Median home price change expectations, which have been trending upward after reaching a series' low of 0% in April 2020, increased sharply from 3.0% in November to 3.6% in December, the highest reading since July 2018.

It also shows that mean unemployment expectation — or the mean probability that the U.S. unemployment rate will be higher one year from now — decreased from 40.1% in November to 38.9% in December, equal to its trailing 12-month average.

The mean perceived probability of losing one's job in the next 12 months increased slightly from 14.6% in November to 15.0% in December, remaining slightly below its December 2019 level of 15.4%. Median expected household income growth increased by 0.1 percentage point to 2.2% in December.

According to Zillow's market pulse report dated January 22, 2021, 2020 was the best year for existing-home sales since 2006. Home values are growing at their fastest pace in a generation, and are showing no signs of slowing down. And home construction activity was robust to end the year. While demand for housing remains red hot, supply-side constraints that have hindered homebuilders for years have recently become even more acute.

  • More existing homes were sold in 2020 than in any year since 2006
  • December existing-home sales rose 0.7% from November and 22.2% from December 2019 to 6.76 million (SAAR).
  • In total, 5.64 million homes were sold in 2020, up 5.6% from 2019.
  • Home value growth breaks new records
  • The typical U.S. home was worth $266,104 in December, up 8.4% (or $20,587) from a year ago.
  • Home values grew 3.2% in the fourth quarter of 2020 – the fastest three-month pace of appreciation since at least 1996.
  • December housing starts cap an extraordinary year
  • December housing starts rose 5.8% from November and 5.2% from a year ago to 1.669 million (SAAR).
  • The 1.709 million (SAAR) permits filed in December were up 4.5% and 17.3%, respectively, from November and December 2019.
  • Home values in Austin grew 5.3% in the past quarter, while home values grew 5.1% over the same period in Phoenix, San Diego, and Salt Lake City.
  • For now, there are no indications that price growth is going to slow.
  • Zillow's latest forecast predicts annual home value growth will rise as high as 13.5% by mid-2021, and for home values to end 2021 up 10.5% from their current levels.
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Yandra Armetta

Why fly Economy when you can fly First Class? When it comes to Miami real estate, I offer First Class Service! There is no professional more focused on the success of her clients than me. I am fluent ....

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