Boston Real Estate for Sale

Boston real estate for sale search

Loading...

I just report the news, I don’t make it!

There are a wide range of estimates, especially on house prices in 2021, with price forecasts ranging from increases of 2% to 10%.  These forecasts use different measures, but that is a very wide spread.
The key in 2021 will be inventory.  If inventory stays extremely low, there will be more housing starts and a larger increase in prices.  However, if inventory increases significantly, there will be fewer starts and less price appreciation. 

The table below shows a few real estate forecasts for 2021:

Housing Forecasts for 2021
New Home Sales (000s) Single Family Starts (000s) Total Starts (000s) House Prices1
Fannie
Mae
872 1,107 1,444 2.1%2
Freddie
Mac
2.6%2
Goldman Sachs 736 1,440 3.7%
MBA  960 1,121 1,473 2.0%2
Merrill
Lynch
950 1,500 4.0%
NAHB 884 1,034 1,383
NAR 1,500 8.0%3
Wells Fargo 1,440
Zillow 10.3%4
1Case-Shiller unless indicated otherwise
2FHFA Purchase-Only Index
3NAR Median Prices
4Zillow HPI

 

Boston Real Estate and the Bottom Line

That’s good, not just for sellers, and their real estate agents, but for the U.S. economy, as a whole.

Source: Calculated Risk

 

Boston real estate for sale search

Loading...

Call Now