The Summer 2021 Real Estate Market

The housing market will continue to be hot this summer. Attractive mortgage rates, vaccine distribution, and continued growth in consumer confidence will make this summer continue to be a strong environment for real estate.

Right now, there are not nearly enough homes to fulfill buyer’s demand. If you are selling, this is great news for you. This gives sellers the upper hand when it comes to negotiations. This puts upward pressure on home prices and creates a lot of competition among home buyers. 

To add to the intensity of this summer’s real estate market, low mortgage rates are expected to continue throughout the rest of 2021.  Mortgage rates are remaining low enough to attract and motive home buyers.

Another impact in the real estate market this year which is completely unique to 2021 is that vaccinations across the country are helping people feel we are reaching some level of normalcy. This is allowing states to ease economic restrictions and allowing businesses to fully reopen, inspiring consumer confidence and increasing employment nationwide. This puts more people in the position to be able to buy a home.  

The economy is slowly recovering, and that will help drive demand in the housing market. Consumer confidence, likewise, is still on the rise. This will also help to boost home sales. 

Not sure what all of this means for you? It means that if you are looking to buy or sell a home in this current market, you need a realtor that will put your best interests first. I will help you every step of the way. Contact me today! 610-372-0212 or 610-413-0520 ericafair.net erica.fair@yahoo.com

 

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