Real Estate Market Predictions for 2021 from CoreLogic’s Chief Economist, Frank Nothaft. What is Corelogic and why are Mr. Nothaft’s predictions important to consider?
Hi, I’m Sherri Echols, Broker Associate with RE/MAX Bryan – College Station. I’ve been selling real estate in College Station, TX 77845 and Bryan, TX 77802 for eleven years now! I live, eat and breathe real estate. I trust Corelogic because it is a leading provider to the government and business of analytics of financial and property data. So in my opinion their predictions hold their weight in gold because they are based on data and facts. Prediction #1. We will continue to have low-interest rates throughout 2021. They are at a record low right now. Mr. Nothaft believes the federal reserve will continue to promote low-interest rates throughout 2021. Right now fixed-rate 30-year mortgages are averaging about 2.7 percent nationwide, which is a record low. Their forecast on average, for interest rates for the year as a whole, will be 2.9%, this will be the first year ever that 30 year fixed rate mortgages have averaged less than 3%. He also predicts these low-interest rate levels will go into 2022.
Be sure to search our YouTube channel, Sherri Echols Realtor, and subscribe, for all 4 of the Real Estate predictions for 2021. Reach out to us at any time for anything. We’re here to help. I’m your Community Market Leader Sherri Echols, a helping hand for a happy home.