Buying a House in 2021: What to Expect

"Real estate experts expect home prices to go up in 2021, but not as fast as they did in 2020.

Prices of existing homes are projected to increase 3.1% in 2021, compared with a 6.7% jump in 2020, according to an average of forecasts from Fannie Mae, Freddie Mac, the National Association of Realtors and the Mortgage Bankers Association.

Prices vary by season, so when you choose to buy can impact what you’ll pay. Homes are generally most expensive in June and July and cheapest in January and February, according to a NerdWallet examination of market trends across 50 of the most populous metros in the U.S. The analysis used Realtor.com data from 2015 through 2019."

Read the rest of the article here: https://www.nerdwallet.com/article/mortgages/buying-a-house-whats-changed