{"id":1345,"date":"2020-12-16T15:51:38","date_gmt":"2020-12-16T15:51:38","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=1345"},"modified":"2020-12-16T15:51:38","modified_gmt":"2020-12-16T15:51:38","slug":"3-reasons-optimistic-real-estate-2021","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/3-reasons-optimistic-real-estate-2021\/","title":{"rendered":"3 Reasons to Be Optimistic about Real Estate in 2021"},"content":{"rendered":"
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3 Reasons to Be Optimistic about Real Estate in 2021<\/p><\/div>\n

This year will be remembered for many reasons, and optimism is one thing that\u2019s been in short supply since the spring. We\u2019re experiencing a global pandemic, social unrest, an economic downturn, and natural disasters, just to name a few. The challenges brought on by the health crisis have also forced many homeowners to reevaluate their space and what they need in a home going into 2021. So, experts are forecasting that next year is one in which we can be optimistic about real estate for three key reasons.<\/p>\n

1. The Economy Is Expected to Continue Improving<\/strong><\/h4>\n

Tim Duy from the\u00a0University of Oregon<\/em>\u00a0puts it this\u00a0way<\/a>:<\/p>\n

\u201cThere is nothing fundamentally \u2018broken\u2019 in the economy that needs to heal\u2026there was no obvious financial bubble driving excessive activity in any one economic sector when the pandemic hit\u2026With Covid-19 cases surging again, it is understandably hard to look optimistically to the other side of this winter\u2026Don\u2019t let the near-term challenges distract from the economic stage being set for next four years.\u201d<\/em><\/p><\/blockquote>\n

2. Interest Rates Are Projected to Stay Low<\/strong><\/h4>\n

In the latest projections from\u00a0Freddie Mac,<\/em>\u00a0interest rates for a 30-year fixed-rate mortgage are expected to remain at or near 3% next year. These low rates will continue to make homes more affordable, driving demand for housing in 2021.<\/p>\n

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Mortgage Rates Freddie Mac<\/p><\/div>\n

3. Future Home Sales Are Forecasted to Grow<\/strong><\/h4>\n

While the economy improves and interest rates remain low, homes are also expected to continue appreciating as more people buy in the coming year. Danielle Hale,\u00a0Chief Economist\u00a0<\/em>at\u00a0realtor.com<\/em>,\u00a0says<\/a>:<\/p>\n

\u201cWe expect home sales in 2021 to come in 7.0% above 2020 levels, following a more normal seasonal trend and building momentum through the spring and sustaining the pace in the second half of the year.\u201d<\/em><\/p><\/blockquote>\n

Bottom Line<\/strong><\/h3>\n

Experts forecast that buyers and sellers are going to be active in 2021. If you\u2019ve thought about buying or selling your home this year but have held off, now may be the time to take advantage of this market. Let\u2019s connect to take the first step toward your new home today.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

THE INFORMATION PRESENTED IN THIS ARTICLE IS FOR EDUCATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL, FINANCIAL, OR AS ANY OTHER TYPE OF ADVICE.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"

Experts are forecasting that next year is one in which we can be optimistic about real estate for three key reasons. Finish Reading 3 Reasons to Be Optimistic about Real Estate in 2021<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[303,38,15,10,18,91,52,49,116,252,280,302,305,304,63,20,12,24,5,48,13,28,47,19,6,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1345"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=1345"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1345\/revisions"}],"predecessor-version":[{"id":1348,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/1345\/revisions\/1348"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=1345"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=1345"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=1345"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}