Housing Market Predictions for the Next 5 Years
The market will continue to fluctuate between buyers’ and sellers’ markets
Home prices will continue to rise (though at a slower rate than in recent years), due to supply continuing to lag behind demand
Mortgage rates are expected to remain low, although they may rise slightly over the next five years as the economy improves
In addition to affordability, buyers “will also increasingly prioritize home office spaces, outdoor living spaces and energy efficiency as more people work remotely
Rust Belt Cities, Secondary Markets and Rural Areas Will Become Hot Real Estate Markets