How has the pandemic impacted the housing market’s vitality? Frank Nothaft, chief economist at CoreLogic, predicts mortgage rates to remain at record lows. If interest rates remain below 3% that will continue to stimulate home sales, and also refinances. Nothaft suggests that he expects home sales to up in 2021 compared to 2020 due to new single family construction and increases in existing home sales. Over the last several months, we’ve had an acute shortage of existing homes for sale. Part of the shortage of inventory is directly related to the pandemic.
CoreLogic’s Frank Nothaft’s Housing Market Predictions for 2021
2021 Housing Market will be Stronger than 2020
California Association of Realtors Chief Economist 2021 Forecast
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