U.S. Home Prices Will Keep Rising Through 2021 and into 2022

Dated: March 3 2021

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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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David Lasley

My team of professionals is standing by to provide you with 5-star service. My mission is defined by providing absolutely the most innovative and effective marketing of real estate and unparalleled pe....

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