Struggling Homeowners May Evade Foreclosure Thanks To Surging Prices inman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inman.com Daily Mail and Mail on Sunday newspapers.
Experts Say Zoning Changes Are Most Effective Path to Boost Housing Supply for a More-Balanced Market
A Zillow survey of economists and other real estate experts finds high costs are expected to slow construction and may lower homeownership among today s 30-somethings
- The expert panel s prediction for home price growth is the most optimistic ever in the quarterly survey that dates back to 2010.
- The panel expects new construction to slow in the coming years, with high costs as the main barrier. But last quarter, the same panel predicted total inventory would rise later this year thanks mainly to more existing homes being listed for sale.
What to Expect in the Housing Market After the Pandemic
Zillow survey results indicate many of the features that have marked the pandemic-era housing market including heavy buyer demand, tech tool adoption and rising home prices are likely to persist
- Strong demand for homes is likely to continue, but there may be little change in the locations and types of homes Americans prefer.
- For-sale housing inventory should see a boost as vaccine distribution becomes more widespread 53% of housing experts Zillow surveyed think inventory will begin growing sometime this year.
- Digital tools that are making the home shopping experience easier and faster will continue to be in demand. About 79% of Americans say they would like to use 3D tours during their search.
As 2021 shapes up to be a robust year for mortgage volumes, local lenders discuss the 12 metro areas that are expected to get the most interest from buyers, according to Zillow.
Zillow Releases 2021 Hottest Housing Market Predictions — RISMedia rismedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rismedia.com Daily Mail and Mail on Sunday newspapers.