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.

28 Properties
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$199,900
Condo: Riverwalk Condo
2
Beds
2F11/2
Baths
1,289
Sq.Ft.
1986
Year Built
1
Day on Site
14565067
MLS
Great opportunity to own a two bedroom, two and 1 half bath with an attached single car garage! Open deck in the back. Kitchen has granite and updated appliances. Both baths have recently installed...
$299,000
Subdivision: Mockingbird Heights
6
Beds
3F11/2
Baths
2,580
Sq.Ft.
2004
Year Built
1
Day on Site
14578663
MLS
Huge 6 Bedroom, 3.5 Bathroom (1.5 Downstairs, 2 Upstairs). Master Suite Downstairs. 2 Living, 2 Dining, 2 Car Garage on Quiet Cul-de-sac. WOW 2,758 square ft (Per Appraiser). Builder pushed the...
$349,900
Subdivision: Deer Crossing Sub
3
Beds
2
Baths
2,017
Sq.Ft.
2017
Year Built
1
Day on Site
14574408
MLS
This newer custom family home is nestled among trees and nature on a private 1.74 acre lot. A relaxing family retreat located less than 1 hour from Dallas, minutes from the square in Canton & a short...
Open 5/16
1681 Ashcroft Drive Fairview, TX 75069
$1,200,000
Subdivision: Thompson Spgs Ph 1
5
Beds
3F11/2
Baths
4,578
Sq.Ft.
2003
Year Built
1
Day on Site
14573799
MLS
Rare opportunity to own a spectacular, custom Paul Taylor home on a 30+ acre nature preserve in Lovejoy ISD.This spacious and elegantly remodeled 5 bed home also boasts a 5 car garage,ample...
$249,900
Condo: Monticellocrossroad
2
Beds
2
Baths
1,083
Sq.Ft.
1983
Year Built
1
Day on Site
14576305
MLS
Rare first floor unit in the heart of everything Dallas. Updated with granite in the kitchen and 2 master bedroom suites. This cute condo has a back yard patio for a pet too. Community has a great...
$295,000
Subdivision: Remington Park Ph 5
5
Beds
2F11/2
Baths
2,371
Sq.Ft.
2017
Year Built
1
Day on Site
14578035
MLS
This beautiful home has upgrades and modern touches throughout the home! Huge 5 bedroom 2.5 bath and an oversize lot with a large backyard and extended covered patio with a greenbelt view. This home...
Open 5/22
1826 Crest Ridge Drive Dallas, TX 75228
$425,500
Subdivision: Eastridge Park
4
Beds
3
Baths
1,503
Sq.Ft.
1953
Year Built
1
Day on Site
14578577
MLS
Nicely updated and partially remodeled home with 2 new bathrooms and large master bedroom in this well established neighborhood. Hardwood floors throught with fresh paint inside and out. Large...
$285,000
Subdivision: Richland Park Add
3
Beds
2
Baths
1,571
Sq.Ft.
1965
Year Built
1
Day on Site
14573295
MLS
LARGE LOT IN QUIET, WELL ESTABLISHED NEIGHBORHOOD, Location, Location, Location, Come view this beautifully updated home with a bonus room for office or can be used for extra bedroom. This home sits...
$129,000
Subdivision: Ellis M G Add
2
Beds
1
Baths
924
Sq.Ft.
1944
Year Built
1
Day on Site
14576174
MLS
Cute small home located in a large corner lot, conveniently located close to retail and restaurants. This home features 2 bedrooms and 1 bath, the seller turned the entry room from the back of house...
$319,900
Subdivision: Crossing At Fossil Creek The
4
Beds
2F11/2
Baths
2,854
Sq.Ft.
2000
Year Built
1
Day on Site
14574706
MLS
The home features high ceilings and Texas sized rooms through out. Downstairs has grand 2 story entry, a formal living and dining room, family room has a fireplace and it opens to the large kitchen...
$270,000
Subdivision: Mason WM
3
Beds
2
Baths
1,559
Sq.Ft.
2016
Year Built
1
Day on Site
14578586
MLS
Lovely 3BR, 2BR, brick and stone elevation one story home that is nestled on 1.5 acres. NO HOA! Entry through a lovely, beveled glass door, inviting you into an open concept floor plan with...
$460,000
Subdivision: Pinnacle Club Sub Ph II Sec A
3
Beds
2
Baths
2,327
Sq.Ft.
1996
Year Built
1
Day on Site
14401298
MLS
You'll want to spend hours in this backyard over looking the 16th green with its abundance of shade trees, large pond with water feature, happy golfers and beautiful wildlife. Expansive outdoor...
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 May 16, 2021.

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