Zillow 2021 Predictions

Zillow’s 2021 housing predictions are out and some of the more interesting ones include:

  • Spring 2021 will be one of the hottest real estate seasons in memory as vaccines continue to roll out, local economies and schools begin opening back up, and a growing concern over higher mortgage rates in the fall.
  • Advances in technology and a growing comfort in shopping from home will lessen the traditional seasonality of house buying.
  • Home sales growth will be the largest since the 1980s as they expect a 21.9 percent growth rate and a total of 6.9 million homes sold.
  • Rent prices will increase as there will be fewer concessions from landloards.

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