After a year like 2020 where the world came to a standstill and everyone was "locked in" waiting for the pandemic to pass and looking to the future hoping it would be better.

So 2021 will be a year to remember for many reasons, and optimism has been in short supply since spring.

We are still going through a global pandemic, social unrest, economic slowdown and natural disasters, just to name a few. The challenges brought on by the health crisis have also forced many homeowners to re-evaluate their space and what they need in a home in 2021.

With so many changes and events in 2020, experts predict this year will be full of optimism, we see the speed with which vaccination is happening in the United States and so we see three key reasons to remain optimistic about the real estate market in the United States

1. The economy will continue to improve as vaccination advances in several countries

Tim Duy, from University of Oregon, puts it this way shape:

There is nothing fundamentally 'broken' in the economy that needs to be healed ... there was no obvious financial bubble driving excessive activity in any economy sector when the pandemic hit ... With Covid-19 cases rising again, it is understandably difficult to look optimistically at the other side of this winter ... Don't let short-term challenges distract from the economic landscape being set for the next four years. 

2. Forecasts show that we will have low interest rates during 2021

The latest projections from Freddie Mac, interest rates for a 30-year fixed-rate mortgage are expected to remain at or near 3% during 2021. These low rates will continue to make homes more affordable, boosting demand for housing in the United States in 2021.

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3. Home sales will grow in the future

While the economy improves and interest rates remain low, homes should also continue to appreciate as more people buy in 2021, and extremely low inventories will help the process of home appreciation in the United States. Danielle Hale, Chief Economist of realtor.com, says:

"We expect home sales in 2021 to reach 7.0% above 2020 levels, following a more normal seasonal trend and gaining momentum throughout the spring and sustaining the pace in the second half of the year."

SUMMARY

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Any doubts?

Now that you know a little more about how the Orlando housing market is expected to behave in 2021. We can help you understand the behavior of the real estate market and consider investing in vacation homes in Orlando. To make the most of all the tips we've brought you and go even deeper, you can talk directly to our relationship agents. They are always happy to talk to you to answer any questions you may have about investing in Florida.

In this article we cover Disney's secrets for keeping mosquitoes away from the parks in Orlando. If you want to read more content like what we've covered in this article, just stay tuned here on our blog.

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