Where Do Experts Say the Housing Market Is Heading?

<article class="post-2170 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-2170"><span class="entry-date">May 25, 2021</span><div class="entry-header center-block text-center"><h1 class="entry-title">Where Do Experts Say the Housing Market Is Heading?</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Where+Do+Experts+Say+the+Housing+Market+Is+Heading%3F&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fwhere-do-experts-say-the-housing-market-is-heading%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<p><img alt="Where Do Experts Say the Housing Market Is Heading? | Simplifying The Market" class="webfeedsFeaturedVisual wp-post-image" decoding="async" link_thumbnail="" loading="lazy" sizes="auto, (max-width: 549px) 100vw, 549px" src="https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/24152655/20210525-KCM-Share-549×300.jpg" srcset="https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/24152655/20210525-KCM-Share-549×300.jpg 549w, https://files.simplifyingthemarket.com/wp-content/uploads/2021/05/24152655/20210525-KCM-Share.jpg 750w" style="display: block; margin-bottom: 5px; clear:both;max-width: 100%;" width="358"/></p>
<p>As we enter the middle of 2021, many are wondering if we’ll see big changes in the housing market during the second half of this year. Here’s a look at what some experts have to say about key factors that will drive the industry and the economy forward in the months to come.<span id="more-44427"></span></p>
<h4><a href="https://www.realtor.com/research/weekly-housing-trends-view-data-week-may-8-2021/"><em>realtor.com</em></a></h4>
<blockquote>
<p><em>“. . . homes continue to sell quickly in what’s normally the fastest-moving time of the year. This is in contrast with 2020 when homes sold slower in the spring and fastest in September and October. While we expect fall to be competitive, this year’s seasonal pattern is likely to be more normal, with <strong>homes selling fastest from roughly now until mid-summer</strong>.”</em></p>
</blockquote>
<h4><a href="https://www.nar.realtor/blogs/economists-outlook/how-are-buyers-coping-in-a-highly-competitive-housing-market"><em>National Association of Realtors</em> (NAR)</a></h4>
<blockquote>
<p><em>“<strong>Sellers who have been hesitant</strong> to list homes as part of their personal health safety precautions <strong>may be more encouraged to list and show their homes</strong> with a population mostly vaccinated by the mid-year.”</em></p>
</blockquote>
<h4><a href="https://www.realtor.com/research/weekly-housing-trends-view-data-week-may-8-2021/">Danielle Hale, <em>Chief Economist</em> at <em>realtor.com</em></a></h4>
<blockquote>
<p><em>“Surveys showed that seller confidence continued to rise in April. Extra confidence plus our recent survey finding that <strong>more homeowners than normal are planning to list their homes for sale in the next 12 months</strong> suggest that while we may not see an end to the sellers’ market, <strong>we might see the intensity of the competition diminish</strong> as buyers have more options to choose from.”</em></p>
</blockquote>
<h4><a href="http://www.freddiemac.com/research/forecast/20210414_quarterly_economic_forecast.page"><em>Freddie Mac</em></a></h4>
<blockquote>
<p><em>“<strong>We forecast that mortgage rates will continue to rise through the end of next year</strong>. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.”</em></p>
</blockquote>
<h3><strong>Bottom Line</strong></h3>
<p>Experts are optimistic about the second half of the year. Let’s connect today to talk more about the conditions in our local market.</p>
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