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【Zillow】Bold 2021 Predictions: A Stronger Housing Market Across the Board

【Zillow】Bold 2021 Predictions: A Stronger Housing Market Across the Board

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The for-sale housing market showed incredible strength in 2020, and we expect 2021 will be even stronger. 

Demand continues to stay high, and is expected to surge in cities as economies reopen. Annual home sales growth is expected to be the highest in almost 40 years as life and financial certainty brings more sellers into the market to meet the heavy demand and technology allows for faster connections with interested buyers. Even so, home prices, mortgage rates and rents are likely to rise, bringing affordability challenges that must be faced. 

We expect 2021 will be a year unlike any other as the housing market responds to the challenges and changing preferences that emerged in 2020.

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