Real Estate 2021 – Expert Predictions for Southwest Florida

Real Estate 2021 - Expert Predictions for Southwest Florida

Video Transcript:

Many American’s are worried about another crash like what we saw in 2006 because of the housing frenzie we are in now being very similar to prior to the crash in 2006. 

So, what are the experts saying? 

Hi, John Garuti with JG3 Homes Brokered by eXp Realty. I want to share with you some quotes from Real Estate Industry Experts to help sum up what to expect. 

Lawrence Yun Chief Economist of the National Association of Realtors says, “In 2021 I think rates will be similar or modestly higher, maybe 3%……So mortgage rates will continue to be historically favorable.” 

Danielle Hale, Chief Economist of Realtor.com believes we will continue to see the market bring in top returns for sellers. “We expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high levels.” 

Vice President and Chief Economist of National Association of Home Builders says and I quote “With home builder confidence near record highs, we expect continued gains for single-family construction, albeit at a lower growth rate than in 2019. Some slowing of new home sales growth will occur due to the fact that a growing share of sales has come from homes that have not started construction. Nonetheless, buyer traffic will remain strong given favorable demographics, a shifting geography of housing demand to lower-density markets and historically low interest rates.” 

So if you’re thinking about selling or buying and taking advantage of the market in SWFL reach out to us at JG3 Homes Brokered by eXp Realty. We are always here to help. 

Please note none of these quotes were taken out of context, the people quoted truly do anticipate a positive real estate market in 2021.

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