REASONS TO BE OPTIMISTIC ABOUT REAL ESTATE IN 2021
Last year is going to be remembered for several reasons. Good memories and optimism are something that probably does not come to mind first when remembering last the year. Many things turned 2020 into a rough year for every one with the worldwide pandemic. One bright side in the dark cloud this year brought on was a robust real estate market. Homes are selling at a record pace and mortgage interest rates are always low. Izabella Lipetski, the best real estate agent in California, can help you find the best homes in California and guide you about other aspects of real estate in California.
Here are three reasons to be optimistic about real estate in 2021
THE ECONOMY IS PREDICTED TO RECOVER AT BETTER THAN EXPECTED RATES
As COVID cases are reportedly rising some people are uncertain to look at the state of the economy optimistically. Despite what it is going to appear to be the general numbers across the country are taking a positive turn, a better positive turn than many experts and analysts predicted. The predictions for the longer term are quite optimistic especially watching longer-term growth periods as the next four years.
INTEREST RATES ARE PROJECTED TO REMAIN LOW
The latest projections from Federal Home Loan Mortgage Corporation show that interest rates on traditional 30-year fixed-rate mortgages are expected to remain around the 3% mark for another year. The low rates will help to stay the important estate market strong and healthy over a subsequent year as home buyers seek to find out a home that better fits their needs and cash in of wonderful interest rates.
FUTURE HOME SALES ARE EXPECTED TO GROW
As the economy begins to slowly improve and interest rates remains low. The head economist at Realtor.com reports that they expect home sales to rise about 7% over what they were last year in 2020. They expect the momentum of home buying to select up again in the spring and carry the faster pace into the later last half of the year.
There are several experts in many areas of the important estate professional fields expecting the important estate market to remain strong and even see positive growth from where it’s now in the coming year. It is expected that more buyers are going to be trying to find homes in 2021 which is superb news for sellers which this may encourage more sellers to place their homes up purchasable, especially in the spring when the important estate market is traditionally most active.
If you have been considering putting your home investment, now is an excellent time to do so. It is more beneficial for sellers to maximize the low competition and high demand for homes. If you are hoping to shop for a home, you will be surprised at what proportion home you’ll afford immediately with the present low mortgage rates.
Experts forecast that buyers and sellers are getting to move in 2021. If you have considered buying or selling your home this year but have held off, now is the time to require advantage of this market. Let us hook up with take the primary step toward your new home today.
For help buying or selling a home feel free to contact, Izabella Lipetski the best real estate agent in California at any time. Izabella Lipetski is the best real estate agent in California as per the happy customer pool she have. She made hundreds of sale over the past decade and is always ready to help you with her deep knowledge of the local real estate market.