Will the Housing Market Bloom This Spring?

2021 Spring Housing Market

Spring is almost here and many are wondering what the season will bring for the 2021 Spring Housing Market.

Will the Housing Market Bloom This Spring? | MyKCM

Even though the pandemic continues on, it’s certain to be very different from the spring we experienced at this time last year. Here’s what a few industry experts have to say about the 2021 spring housing market and how it will bloom this season.

Danielle Hale, Chief Economist, realtor.com:

“Despite early weakness, we expect to see new listings grow in March and April as they traditionally do heading into spring, and last year’s extraordinarily low new listings comparison point will mean year over year gains. One other potential bright spot for would-be homebuyers, new construction, which has risen at a year over year pace of 20% or more for the last few months, will provide additional for-sale inventory relief.”

Ali Wolf, Chief Economist, Zonda:

“Some people will feel comfortable listing their home during the first half of 2021. Others will want to wait until the vaccines are widely distributed. This suggests more inventory will be for sale in late 2021 and into the spring selling season in 2022.”

Freddie Mac:

“Since reaching a low point in January, mortgage rates have risen by more than 30 basis points… However, the rise in mortgage rates over the next couple of months is likely to be more muted in comparison to the last few weeks, and we expect a strong spring sales season.”

Mark Fleming, Chief Economist, First American:

“As the housing market heads into the spring home buying season, the ongoing supply and demand imbalance all but assures more house price growth…Many find it hard to believe, but housing is actually undervalued in most markets and the gap between house-buying power and sale prices indicates there’s room for further house price growth in the months to come.”

Bottom Line

The experts are very optimistic about the 2021 Spring housing market. If you pressed pause on your real estate plans over the winter, contact Lorraine Atkinson Realty for a chat to determine how you can re-engage in the buying or selling process this spring.

ABOUT LORRAINE ATKINSON REALTY

Lorraine Atkinson Realty is based in North Carolina. Lorraine Atkinson is a native North Carolinian and has spent her entire career focussed on helping others. Lorraine Atkinson Realty serves both the Greater Raleigh Area as well as the Lake Gaston Area. Lorraine is experienced in Real Estate and has success in helping her clients in today’s highly competitive market.  She believes every family should feel confident when buying and selling a home.  Lorraine will educate  you on the process and be your expert guide in navigating today’s lightning-fast housing market.

“People have options when it comes to choosing an agent and it matters who you work with. Clients are my top priority and it is my personal goal to help them get the best price and enjoy the best experience when buying or selling. I don’t want to be a one-time agent, I want to serve as your real estate agent for life.

Buying and selling a home is exciting! It is a big decision with a lot of steps along the way but it doesn’t have to be overwhelming. It is important to have a knowledgeable and capable agent guide you through the process.

I look forward to serving you and being your real estate agent for life.“

-Lorraine

© Copyright - Lorraine Atkinson