Are you a first time home buyer buying a house in the 2021 housing market? Are you asking yourself “Should I buy a house in 2021”? What is the housing market 2021 forecast? What is causing house prices to rise in the middle of a pandemic? In this video, we discuss the latest highlights from the National Association of Realtors Existing Home Sales report as well as who’s behind the increase in buyer demand and what you should expect as a home buyer for the rest of the housing market 2021.
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Articles Referenced in this video:
➡Existing-home sales continued to increase in January to a seasonally-adjusted annual rate of 6.69 million, up 0.6% from the prior month and 23.7% from one year ago.
➡The median existing-home sales price rose to $303,900, 14.1% higher from one year ago.
➡As of the end of January, housing inventory fell to a record-low of 1.04 million units, down by 25.7% year-over-year – a record decline.
First-time homebuyers were responsible for 33% of home sales in January, up from 31% in December 2020 and from 32% in January 2020.
Do you want to be connected with a knowledgeable and professional Realtor or mortgage professional (lender) in your market? If so, please reach out to me directly👇 or go to jebsmith.net/referral
Jeb Smith (Huntington Beach Realtor/orange county real estate)
Coldwell Banker Realty
I N S T A G R A M ➳ https://www.instagram.com/jebsmith
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