Examining the damage done and the influences that will help or hinder recovery, we look back on our January predictions to see what we should now expect in Ireland’s post-COVID-19 property market. By. 2021 National Housing Market Forecast and Predictions: Back to Normal To say 2020 was a year of surprises is an extreme understatement. 12 Fannie Mae agrees, forecasting a median existing-home price of $283,000 in 2020—an overall growth of 4% compared to 2019. A drop in housing sales this year could plunge the market into crisis. Nixza Gonzalez - April 16, 2019. But first, a quick look at the state of the market as it stands today. Here are my housing predictions for 2021. This may be a result of government support for first-time home buyers, including a subsidy for low and medium-income earners. The U.S. housing market has been on a dream run of late as prices are rising thanks to the scarcity of homes available for sale. See what’s on the horizon for the housing market as we start a new year and a new decade. One of the main factors affecting housing market recovery is, of course, the speed of the country’s economic recovery. H ow is the housing market in Arizona? Partner Luke McMath, in our Residential Property team, looks at the impact of the COVID-19 pandemic on the housing market and the latest predictions for 2020 - 2021 and beyond.. Our own recent survey of estate agents in the Thames Valley region showed that they generally believe the housing market will recover strongly by early 2021. The Central Valley saw sales decline the least at 36.6% while So Cal saw sales plummet 45.6%. Spain’s housing market – from the Costa del Sol to Costa Blanca – is heading for another crash, according to property experts. The housing market is in a tricky situation given massive unemployment, continued shelter-in-place, the coronavirus, and tremendous uncertainty. A lot had put a hold on many things but the wise ones make good use of this time to plan and prepare. See more on the latest trends in California real estate. May 29, 2020. Since the coronavirus is causing some sellers to take their homes off the market—during what was already considered a housing shortage—Yun doesn’t expect home prices to drop in 2020. With this article, you can inform your investment decisions through our research and Arizona housing market 2021 predictions. In fact, they believe housing is currently one of the brighter spots in the U.S. economy. Savills’s latest report takes this into account, with GDP set to fall 8.3% in 2020 before a rebound in 2021. There’s no shortage of housing market predictions flying around these days. If you already know about the history of the housing market, feel free to skip this section and head straight for my predictions for the housing market for 2021 through 2025 down below. According to Freddie Mac’s latest set of predictions, issued on October 31, the U.S. real estate market will “continue to firm” as home sales increase. The housing market heated up after the Fed turned dovish in 2019, and in 2020 the momentum is poised to continue, according to analysts. The job market recovery slammed on the brakes in November Zillow's Housing Market Predictions for 2020. The top 12 predictions for the Spanish housing market in 2020 coronavirus (Covid-19) updated. The Mr Woolnough, a bond manager at M&G’s, believes house prices went up significantly ahead of the downturn. The stock market overall could be hit by a housing collapse simply because the property market is so inter-connected with the rest of the economy. Zillow Group Jan 23 2020 Share “Stable and steady” seems to be the theme for housing activity in 2020, according to Zillow research. California's Housing Market Forecast. Affordability was already an issue for the housing market 2020… Housing Market Predictions for 2019, 2020, 2022, and 2025: What to Expect from the Housing Sector in the Future? Sales and prices of homes in California took a decided downturn during May. Many of us are wondering what will happen a week or a month from now. Many analysts have been speculating about what the housing market might do during the second half of 2020, and into 2021, as a result of the ongoing health crisis. While the market was shut for eight weeks against the disorientating backdrop of a global pandemic, the prophecies about the housing market were understandably dire. That dynamic will continue in 2020 and added pressure on the middle range of the market. Our first prediction for the Irish housing market in 2020 was … Want to hare this Image On Your Site? The housing market in the U.S. could enter a recession, according to online real estate company Zillow which predicts that will happen in 2020. 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