What to Expect in the Housing Market in 2021

Extended time at home is shaping how people live daily and what they want from their home.

• In 2021, here are a few trends shaping up for the housing market:
• Interest rates are expected to remain low but increase gradually.
• Average home prices will rise.
• Home inventory will remain low, despite plenty of new construction.

Here's what experts are predicting for buyers, sellers, renters, and new construction in 2021.