{"id":3344,"date":"2020-12-31T05:00:04","date_gmt":"2020-12-31T11:00:04","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/four-expert-views-on-the-2021-housing-market\/"},"modified":"2020-12-31T05:00:04","modified_gmt":"2020-12-31T11:00:04","slug":"four-expert-views-on-the-2021-housing-market","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/four-expert-views-on-the-2021-housing-market\/","title":{"rendered":"Four Expert Views on the 2021 Housing Market"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\"  src=\"https:\/\/i0.wp.com\/files.simplifyingthemarket.com\/wp-content\/uploads\/2020\/12\/22120824\/20201231-KCM-Share-549x300.jpg?w=358&#038;ssl=1\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"Four Expert Views on the 2021 Housing Market | Simplifying The Market\" loading=\"lazy\" style=\"margin-bottom: 5px;clear:both;max-width: 100%\" \/><\/p>\n<p>The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here\u2019s what four experts have to say about the year ahead.<span id=\"more-43623\"><\/span><\/p>\n<h4><a href=\"https:\/\/time-com.cdn.ampproject.org\/c\/s\/time.com\/nextadvisor\/mortgages\/mortgage-predictions-2021\/amp\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>Lawrence Yun, <em>Chief Economist<\/em>,<em> National Association of Realtors<\/em> (NAR)<\/strong><\/a><\/h4>\n<blockquote>\n<p><em>\u201cIn 2021, I think rates will be similar or modestly higher, maybe 3%&#8230;So, <strong>mortgage rates will continue to be historically favorable<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n<h4><a href=\"https:\/\/www.forbes.com\/sites\/brendarichardson\/2020\/12\/16\/experts-predict-what-the-housing-market-will-be-like-in-2021\/?sh=5889695236dc\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>Danielle Hale, <em>Chief Economist<\/em>, <em>realtor.com<\/em><\/strong><\/a><\/h4>\n<blockquote>\n<p><em>\u201cWe expect <strong>sales to grow 7 percent<\/strong> and <strong>prices to<\/strong> <strong>rise another 5.7 percent on top of 2020\u2019s already high levels<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n<h4><a href=\"https:\/\/www.forbes.com\/sites\/brendarichardson\/2020\/12\/16\/experts-predict-what-the-housing-market-will-be-like-in-2021\/?sh=5889695236dc\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>Robert Dietz, <em>Senior Vice President and Chief Economist<\/em>, <em>National Association of Home Builders<\/em> (NAHB)<\/strong><\/a><\/h4>\n<blockquote>\n<p><em>\u201cWith home builder confidence near record highs, <strong>we expect continued gains for single-family construction<\/strong>, 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, <strong>buyer traffic will remain strong<\/strong> given favorable demographics, a <strong>shifting geography of housing demand to lower-density markets<\/strong> and historically low interest rates.\u201d<\/em><\/p>\n<\/blockquote>\n<h4><strong><a href=\"https:\/\/blog.firstam.com\/economics\/why-the-big-short-in-housing-supply-will-remain-in-2021\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Mark Fleming, <em>Chief Economist, First American<\/em><\/a><\/strong><\/h4>\n<blockquote>\n<p><em>\u201cMortgage rates are expected to remain low for the foreseeable future and <strong>millennials will continue forming households, keeping demand robust<\/strong>, even if income growth moderates. Despite the best intentions of home builders to provide more housing supply, <strong>the big short in housing supply will continue into 2021<\/strong> and likely keep house price appreciation flying high.\u201d<\/em><\/p>\n<\/blockquote>\n<h3><strong>Bottom Line<\/strong><\/h3>\n<p>Whether you\u2019re ready to buy or sell a home in 2021, if you\u2019re planning to take advantage of the market this winter, let\u2019s connect to talk about the opportunities available in our local market.<\/p>\n<p>Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. As we look forward to 2021, can we expect real estate to continue showing such promise? Here\u2019s what four experts have to say about the year ahead. Lawrence Yun, Chief Economist, National Association of Realtors (NAR) \u201cIn 2021, I [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3345,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-3344","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Four Expert Views on the 2021 Housing Market&#8212;NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/four-expert-views-on-the-2021-housing-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Four Expert Views on the 2021 Housing Market&#8212;NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"The housing market was a shining star in 2020, fueling the economic turnaround throughout the country. 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