2020 Real Estate Wrap Up

The real estate market continues on, even as 2020 remains unpredictable. Check out the year’s summary of statistics and future insights for 2021 to prepare for successful closings!

  • Mortgage applications are up 22% compared to 2019*
  • 71% of homes have been on the market for less than a month**
  • The MBA predicts 2021 mortgage prices will rise to around 3.1%***

Contact your local Alliance Title branch for your next transaction!

*https://www.businessinsider.com/how-2020-broke-the-housing-market-inventory-could-run-out-2020-9
**https://www.nar.realtor/newsroom/existing-home-sales-soar-9-4-to-6-5-million-in-september
***https://www.housingwire.com/articles/mba-forecast-for-2021-prepare-for-rising-mortgage-interest-rates/

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