Name: Is The Housing Market Crashing In 2021? | Watch The Experts' Predictions | Videos | Gan Jing World - Technology for Humanity | Video & Movie Streaming
Uploaded: 2022-12-07T08:45:07.000Z
Duration: 8 min 18 s
Description: Is the housing market crashing in 2021? Watch the experts’ predictions. Is the housing market crash... | Videos | Gan Jing World - Technology for Humanity | Video & Movie Streaming

Greater Charlotte Living

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Is the housing market crashing in 2021? Watch the experts’ predictions.

Is the housing market crashing this year? Some experts in the real estate and mortgage industry have different views on 2021 housing market. The housing market in 2020 has been on fire with insanely record-breaking mortgage rates and increase in home buyer demand.  It will also be the most talked-about in decades as the crazy year that impacted our lives not just here in the United States, but all over the world because of the global pandemic.
 
I’ve been reading the news about what’s going to happen in 2021 real estate market and here’s what I’ve found from the real estate and mortgage industry experts. We’ve been hearing that there will be a housing market crash in 2021 because of people who lost their jobs during the pandemic will be in foreclosure or those in mortgage forbearance will not be able to keep up with their mortgage payments.

Mortgage rates will still be favorable, low mortgage rates drive strong buyer demand, Professionals are changing housing preferences, increase of relocations made possible by remote work, new construction homes will remain strong, millennials will play a large role in shaping the housing market.
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Source: https://www.forbes.com/sites/brendarichardson/2020/12/16/experts-predict-what-the-housing-market-will-be-like-in-2021/?sh=1452c8ba36dc

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