As January comes to a close, there’s a lot of anticipation about what this new year holds for potential homebuyers and homeowners. Check out the latest in mortgage news to see what happened in the first month of 2021:
Our CEO & Co-Founder Jesse Abrams discusses where we can expect interest rates to be as we move forward into the new year and how this will impact new and prospective home buyers.
As reported by the CREA, home sales in 2020 were up a total 12.6% compared to 2019, hitting a new annual record. The month of December saw a 47.2% increase in home sales compared to last year, the largest monthly increase in the last 11 years.
After an unexpectedly hot real estate market last year in the face of the global pandemic, real estate experts anticipate that these trends will continue into 2021.