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Found 1 blog entry for December 2020.

wintery Chicago skyline in the backgroud / ar

2021 Housing Market Outlook

2020 was the year of surprises. We saw an instant dip in the market when the virus news came to the US, only to turn around and witness one of the biggest booms in sales volume and prices in the last decade.

So what will 2021 hold? Are we headed for a crash, or will this keep going? Here's what experts are predicting.

Prices

Despite the price bubble being the highest we've seen in over 10 years, most economist are predicting continued increases that head towards stability. Realtor.com chief economist Danielle Hale says prices will rise another 5.7% above 2020’s already high numbers. CoreLogic deputy chief economist Selma Hepp confirms the continued home price appreciation. There is general agreement that rising…

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