Real Estate Forecast for 2021

Real Estate Forecast for 2021

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2021 could be real estate’s best winter ever according to the National Association of Realtors®

Unlike many struggling businesses the housing market defied expectations and surged during the COVID-19 pandemic.  “…– and that isn’t likely to let up heading into the winter months, says National Association of Realtors® (NAR) Chief Economist Lawrence Yun, chief economist of the National Association of REALTORS® during the “Residential Economic Issues & Trends Forum” at the virtual 2020 REALTORS® Conference & Expo.

“2020 has been a year of surprises,” Yun said during NAR’s virtual convention – notably with a robust housing market in the middle of a global pandemic.

Yun’s 2021 housing forecast and a recap of 2020 forecast

  • Mortgage rates: 3.1% (3% for 2020 forecast)
  • New-home sales: +23% (+20% for 2020)
  • Existing-home sales: +9% (+3% for 2020)
  • Home prices: +3% (+6% for 2020)
  • GDP growth: +4% (-5% for 2020)
  • Job gains: +3 million (-7 million for 2020)
  • 10-year treasury: 1% (0.9% for 2020)
  • Consumer price inflation: 1.6% (1% for 2020)

The greater Cincinnati continues to chug along with rising prices and not enough homes for sale.  


Another view of the national real estate market from

Expect another wild year for local home sales.  Buyers and sellers need to stay on top of the idiosyncrasies of the local markets.