2020 Real Estate Stats

Posted on | November 30, 2020

2020 has been an unpredictable year, but real estate has kept moving forward. Take a look at this year’s summary of statistics and future insights for 2021 to prepare for successful transactions!

  • Mortgage applications are up 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 AmeriTitle branch for your next closing!

*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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