MICHAELA TO - Bay Area Real Estate
  • Home
  • About
  • Buyers
    • Search Homes
    • Buyer's Guide
    • Mortgage Calculator
    • Schools
  • Sellers
    • What's Your Home Worth?
    • Seller's Guide
    • Compass Concierge
  • Reviews
  • News
  • Blog
  • Contact

House the Market?​

2021 Zillow Predictions

12/31/2020

 
Demand for housing has continued to rapidly grow throughout 2020, and it is only expected to surge even further as economies reopen in 2021. Zillow predicts that annual home sales will reach their highest since the 1980s, forecasting nearly 22% growth. 

They also believe that city living will make a comeback next year, especially as the vaccine becomes more widely available to the general public. While a lot of young adults moved back in with their parents this year to save money, it is likely that once the economy bounces back, they will be moving back into big urban areas in droves. (Does that mean the sad SF condo market will finally make a comeback??)

Zillow also expects that buyers will continue having a hard time affording homes, particularly if mortgage rates start to increase in 2021 and housing prices remain high. At the same time, if rates are indeed predicted to rise later in the year, this may cause an even bigger buyer frenzy for those looking to lock in low rates ASAP. Sadly there seems to be no end in sight for bidding wars. :(

Comments are closed.

    Michaela To

    All things real estate. 

    Contact Me

    Categories

    All
    Affordable Housing
    Bay Area Market
    Berkeley
    Condos
    Current Events
    Interest Rates
    Investing
    Just For Fun
    Lending
    New Development
    Oakland
    Real Estate Market
    San Francisco
    Single Family Homes
    Walnut Creek

    Archives

    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020

MICHAELA TO
510.266.2802
mto@MichaelaTo.com
6211 La Salle Ave. Oakland, CA 94611
DRE# 01883913
Picture
Copyright 2020. All rights reserved.
  • Home
  • About
  • Buyers
    • Search Homes
    • Buyer's Guide
    • Mortgage Calculator
    • Schools
  • Sellers
    • What's Your Home Worth?
    • Seller's Guide
    • Compass Concierge
  • Reviews
  • News
  • Blog
  • Contact