Скачать или смотреть 2021 Housing Market Forecast and Predictions for Boston

The housing market in Massachusetts and around the country has been on fire this year with record-low mortgage rates and a sudden wave of relocations made possible by remote work. Meanwhile, home prices have pushed new boundaries as buyer demand continues to surge. As we near the end of 2020, here’s a look at four important points to understand the real estate market in Boston for 2021.

The 2021 housing market will be much more ‘normal’ than the wild swings we saw in 2020, and buyers may finally have a better selection of homes to choose from later in the year, but will face a renewed challenge of affordability as prices stay high and mortgage rates rise. That affordability challenge will hit younger and first-time buyers hardest, especially in pricey markets such as Boston.

Mortgage interest rates are predicted to to tick back upward next year, which would sap buying power for many. And demand in the region is being powered by a demographic bulge of late-20 and early-30-somethings who are entering their prime home-buying years.

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