3 Reasons To Be Optimistic about Real Estate in 2021

3 Reasons to Be Optimistic about Real Estate in 2021 | MyKCM

This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. We’re 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.

1. The Economy Is Expected to Continue Improving

Tim Duy from the University of Oregon puts it this way:

“There is nothing fundamentally ‘broken’ in the economy that needs to heal…there was no obvious financial bubble driving excessive activity in any one economic sector when the pandemic hit…With Covid-19 cases surging again, it is understandably hard to look optimistically to the other side of this winter…Don’t let the near-term challenges distract from the economic stage being set for next four years.”

2. Interest Rates Are Projected to Stay Low

In the latest projections from Freddie Mac, interest 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 2021.3 Reasons to Be Optimistic about Real Estate in 2021 | MyKCM

3. Future Home Sales Are Forecasted to Grow

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, Chief Economist at realtor.comsays:

“We 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.”

Bottom Line

Experts forecast that buyers and sellers are going to be active in 2021. If you’ve 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’s connect to take the first step toward your new home today.

336 Properties
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$239,000
Subdivision: Echo Hills Add
3
Beds
2
Baths
1,350
Sq.Ft.
1978
Year Built
1
Day on Site
14560060
MLS
Beautiful well cared for home on a quiet cul de sac. Large living room with stately stone fireplace leading into the dining area that opens to an oversized family room at the back of the home....
$489,900
Subdivision: Turnbridge Manor Ph Two
4
Beds
3F11/2
Baths
3,251
Sq.Ft.
2002
Year Built
1
Day on Site
14560897
MLS
Pride of ownership shows in this well maintained, move in ready home. Perfect location, just minutes from Limestone Quarry Park & Isbell Elementary. Brand new interior paint throughout, new carpet &...
$300,000
Subdivision: Heritage Add
3
Beds
2
Baths
1,844
Sq.Ft.
2009
Year Built
1
Day on Site
14553997
MLS
Adorable Cape Cod style home located in the sought after neighborhood of Heritage! Walking distance to Keller ISD schools and close to everything in Alliance! This home will win you over in curb...
$210,000
Subdivision: Young Ella Add
3
Beds
1F11/2
Baths
1,347
Sq.Ft.
1961
Year Built
1
Day on Site
14558115
MLS
Excellent home located off Hwy 199, minutes away from Fort Worth Nature Center & Refuge, parks, lake access & more. This renovated 3 bedroom, 1.5 bath home features granite countertops, stainless...
$595,000
Subdivision: Resort On Eagle Mountain Lake
5
Beds
5F11/2
Baths
4,500
Sq.Ft.
2007
Year Built
1
Day on Site
14561254
MLS
These custom finishes at this price point is a rarity. From the roof pitch to the brick and stone work to the interior millwork, this home is WOW! Soaring ceilings in the foyer draw your eyes...
Open 4/24
1113 Ash Street Celina, TX 75009
$390,000
Subdivision: Parkside Ph 2
4
Beds
3
Baths
2,503
Sq.Ft.
2017
Year Built
1
Day on Site
14560601
MLS
Where City & Country Meet! You can’t go wrong with this open & cozy home near the heart of Celina, minutes from N.DalTollway, hot new shopping-entertainment & countryside.Gorgeous home w an...
Open 4/25
1438 Vista Ridge Drive Forney, TX 75126
$330,000
Subdivision: Diamond Creek Ph 1
5
Beds
3F11/2
Baths
3,893
Sq.Ft.
2005
Year Built
1
Day on Site
14561810
MLS
Looking for some space in the ever-growing city of Forney? Well you found it here! Large,open spaces inside and out in the community of Diamond Creek! Formal living and dining opens to family room...
$585,000
Subdivision: Light Farms Ph Four The Graham Neighborhood
4
Beds
3F11/2
Baths
3,483
Sq.Ft.
2015
Year Built
1
Day on Site
14558999
MLS
Welcome home to the Graham Neighborhood of highly sought after Light Farms of Celina. Stunning 4 bed, 3 and a half bath family home. Steps from park, pool, and schools! Hardwood floors lead you in...
$275,000
Subdivision: Massey Add
3
Beds
2F11/2
Baths
1,600
Sq.Ft.
2003
Year Built
1
Day on Site
14560629
MLS
Beautiful EAST FACING townhome is spacious with 3 bedrooms & is move-in ready! Great curb appeal from the brick facade, classic architecture & manicured, lush landscaping! Light, bright & airy...
$429,900
Subdivision: Light Farms The Brenham Neighborhood
4
Beds
3F11/2
Baths
2,568
Sq.Ft.
2019
Year Built
1
Day on Site
14560162
MLS
DREAM home is move-in ready, loaded with features & shows like a model home! Light, bright & open with an on-trend, neutral color palette that goes with any decor! Rich wd flooring adds to warmth of...
$290,000
Subdivision: Colony 12
3
Beds
2
Baths
1,791
Sq.Ft.
1977
Year Built
1
Day on Site
14561234
MLS
Beautifully updated! Not one detail was missed in this renovated home. Large open floor plan for the living room, Kitchen, and breakfast area. Stainless steel appliances, granite countertops,...
$320,000
Subdivision: Heritage Estates Add
3
Beds
2
Baths
2,167
Sq.Ft.
1996
Year Built
1
Day on Site
14561297
MLS
Stunning home in the highly desired, well maintained community of Mansfield. Many updates throughout including but not limited to granite, flooring, light fixtures and paint. HVAC and roof were...
Information is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. The information being provided is for the consumer's personal, non-commercial use, and may not be reproduced, redistributed or used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than North Realty Group are marked with the NTREIS IDX logo and information about them includes the name of the listing brokerage.

NTREIS data last updated April 23, 2021.

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