It’s almost impossible to make reliable housing market predictions for 2021. The housing prices are flattening out and as per the experts it will continue till Jan 2021 and then rise steadily around spring of 2021. Part 2: MARKET SUMMARY 3rd Quarter, 2018 Housing Data: West Palm Beach, Florida … But again, home prices are not falling, but rising. I’m personally buying as much ocean-view property on the western side of San Francisco as possible because I think it is undervalued. wave of foreclosures coming at some point next year. Here are three real estate buying strategies to consider based on my housing market predictions for 2021. I feel strongly about my housing market predictions for 2021. Yun’s 2021 housing forecast and recap of 2020 forecast. For big cities like New York City and San Francisco, I believe there will be a V-shaped recovery in demand in 2021 as hundreds of thousands flock back to big city living again. Our 10 Best Real Estate Investments RIGHT NOW! He enjoys being a stay-at-home dad to his two young children. The exact timing for this wave will depend on each state’s unique foreclosure timelines. Fortunately, they’re unlikely to rise as much as they’re doing currently. Here’s what we’re expecting. But if you believe in a V-shaped recovery in big cities, there are opportunities to be had in buying rentals. Real estate has long been the go-to investment for those looking to build long-term wealth for generations. What’s Really Causing the High Rents? (It can take anywhere from a few months to a few years, depending on where a borrower lives.) For many investors, it’s made finding that next property difficult. Drive around your city to find new areas that were once overlooked because you desired a shorter commute. Looking forward, Zillow offered a positive forecast for the Phoenix housing market into 2021. However, banks are further tightening lending standards because they also are unsure when the economy will recover. Before we get in more detail about my housing market predictions for 2021, let’s first go through the negatives that could drag the overall housing market down. There were deals to be had in 1H2020, but deals are now getting harder to find. Banks learned their lessons from the 2008-2009 financial crisis and have tightened lending standards since then. My housing market prediction for 2021 is that nationwide housing prices will reach new all-time highs by no later than July 1, 2021. Published: 10/03/2020 | Updated: 11/20/2020 by Financial Samurai 12 Comments. © 2018 - 2020 The Motley Fool, LLC. Even in October, open houses are mostly by appointment only. Rising mortgage delinquency rates in Florida are raising fears that the coronavirus pandemic will lead to a foreclosure crisis as bad if not worse than the one that followed the 2008 housing crash. 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