Will the Colorado Springs, Colorado Housing Market Crash in 2021?

Will the Colorado Springs, Colorado Housing Market Crash in 2021?
What can you expect from the 2021 housing market? And will we see a crash?

I don’t know about you, but I feel that media has been inflating the truth and using negative headlines about the real estate industry to get more views. So let’s take a look at projections from experts in the real estate industry.

Low interest rates are key indicators of a strong housing market. According to Freddie Mac, they project interest rates to remain low, predicting that interest rates will remain the low threes for the remainder of 2021. Also, Danielle Hale of Realtor.com expects home sales in 2021 to come in 7% higher than home sales in 2020. And finally, mortgage servicers are predicting an increase of home prices in 2021.

Locally, we are seeing some of the highest levels of home shoppers met with some of the lowest levels of inventory. With buyers moving here from big cities like Seattle, Boston, and San Francisco, we have conditions that are ripe for selling your home for top dollar. If you’re thinking of buying or selling a home in Lorson Ranch, Colorado, 80925, Security-Widefield, Colorado, 80911, or Fountain, Colorado, 80817, be sure to call me first.

Sarah

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