While home prices are rising across the nation, those in the central states are rising faster than in large cities on the coasts, bucking tradition. Prices in any smaller metro area are now at least
U.S. Home Prices Will Keep Rising Through 2021 and into 2022
Dated: March 3 2021
Many thought 2020 was a real estate boom but based on engaging forecasts it is very likely home prices in the US will keep rising into 2022. The upward price trend is based on supply and demand, there are a limited supply and very strong demand for housing right now. According to national data, the median home value in the US rose 8.4% year over year with the median listing price rose 15.4% year over year. It is predicted the median home value in the US will increase 10.5% this month alone. Demand is strong with multiple offers reported on several properties in spite of the ongoing pandemic but there is not enough supply for the demand causing the home prices to increase. In most areas the number of homes currently listed is not enough to satisfy buyer demand. Supply and demand is the primary factor driving the positive forecast for 2021, but low mortgage rates play a role here as well. During the first week of 2021, the average rate for a 30 year fixed mortgage loan hit an all-time record low of 2.65%, further luring buyers into the housing market. Ask me all your real estate questions. www.davidlasley.realtor #davidlasley #douglasrealty #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesofinstagram #properties #homesearch #realestateinvesting #housingmarket
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With the housing inventory in short supply demand for new construction in the US rose 4.3% in January as the housing market continues to be one of the strongest segments of the economy. In 2020 new
Many thought 2020 was a real estate boom but based on engaging forecasts it is very likely home prices in the US will keep rising into 2022. The upward price trend is based on supply and demand,