Tuesday, January 19, 2021 / by Alisha Anderson
What to Expect When Buying a Home in 2021
Mortgage rates are expected to remain low, and home prices are forecast to rise more slowly than in 2020.
Buying a house is like playing a complicated sport. You need to know the rules and get in shape before hitting the field, and then nimbly maneuver through challenges to win the game.
In 2021, “winning” will require understanding how you stack up against lender qualifications, preparing to compete with other buyers and navigating a socially distanced homebuying process until vaccines end the pandemic.
Here's what buying a house in 2021 will look like and how to get ready.
More buyers than homes for sale
If you find a reasonably priced house in good condition, chances are you won't be the only one making an offer — even if it just hit the market.
"It is a seller’s market in just about every part of the country," says Christopher Arienti, broker and owner of Re/Max Executive Realty in Franklin, Massachusetts. “Seller’s market&r ...
Buying a house is like playing a complicated sport. You need to know the rules and get in shape before hitting the field, and then nimbly maneuver through challenges to win the game.
In 2021, “winning” will require understanding how you stack up against lender qualifications, preparing to compete with other buyers and navigating a socially distanced homebuying process until vaccines end the pandemic.
Here's what buying a house in 2021 will look like and how to get ready.
More buyers than homes for sale
If you find a reasonably priced house in good condition, chances are you won't be the only one making an offer — even if it just hit the market.
"It is a seller’s market in just about every part of the country," says Christopher Arienti, broker and owner of Re/Max Executive Realty in Franklin, Massachusetts. “Seller’s market&r ...