Mike Howard REALTOR
®
Beachfront Realty Inc. 18205 Biscayne Boulevard #2205 Aventura, FL 33160
(305) 760-9220 GMHoward1@icloud.com www.HomesInBalHarbour.com
Bal Harbour
BEACHFRONT
Noam Tal REALTOR®
March 2021 | Real Estate Market Report
(786) 251-9261 NoamRealtor@gmail.com www.NoamTal.com
Presented by Mike Howard and Noam Tal, Your Bal Harbour Beachfront Specialists
2021 REAL ESTATE PREDICTIONS
How Vaccines, Current Administration, and More Could Shape Housing Trends Mortgage Rates Will Stay Low...ish
Home Prices Will Keep Rising
Most experts expect mortgage rates to stay low for quite a while – through 2021 and beyond.
The start of the year should see some steep increases, and growth will slow once vaccines reach the general public.
Competition Will Calm Unless a Housing Tax Credit is Passed
The Suburbs Will Continue Their Hot Streak
The number of for-sale listings should increase through most of 2021. If the Tax Credit passes, it could ramp up competition.
The flexibility people now enjoy through working remotely is contributing to migration patterns, as well as the desire for more space.
Homes Will Get Bigger With More Health-Related Amenities
Foreclosures Will Jump, but Not as Much as You Might Expect
People want more space. Consumers want larger and more efficient housing. Interest around saving money will grow.
Historically low rates, strong demand, and surge in urban and suburban migration ensure homeowners can more easily sell.
2021 is on track to be another record-setting year. With still historically low interest rates, an increase in demand, and low inventory, now is the time to sell! Call us today at (305) 760-9220 or (786) 251-9261 for a free consultation. Published by Aly J. Yale on December 28th, 2020 on money.com