Welcome to the Monthly Market Report for May 2021. We want to give you the insights that you need to help confidently make the best decisions when buying and selling a home.
There’s a lot going on right now and we’ll start with a quote from J.P. Morgan…
“Homebuyers — interest rates are still historically low, though they are inching up. Housing prices have spiked during the last six-to-nine months, but we don’t expect them to fall soon, and we believe they are more likely to keep rising. If you are looking to purchase a new home, conditions now may be better than 12 months hence…Those who remember the housing bubble of 2006-2007 may be nervous watching U.S. housing prices soar now. But the previous bubble was fueled by speculative buying, which we do not think is the case today”.
Here are the 3 most important takeaways you need to know right now:
- Home Prices – Home price appreciation is continuing to accelerate.
2. Affordability – Homeownership is still affordable in most areas compared to renting.
3. Best Investment – More Americans than ever consider real estate the best investment.
Read all the details and download your complimentary Housing Market Update for June 2021 now. 👇
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