Real Estate Predictions for 2021 – Southeast Florida
Posted by Lorea Thomson on
Southeast Florida real estate predictions for 2021 are favorable! The National Association of Realtors chief economist, Lawrence Yun, has readied real estate predictions for 2021. Last year the housing market was on fire with record-low mortgage rates and relocations made possible by remote job opportunities.
It is anticipated that home sales will maintain+ the 2020 momentum and will carry into 2021. The record low mortgage rates have been the key factor for home buying despite a challenging pandemic plagued job market. Jobs will steadily recover especially knowing that the vaccine distribution is just around the corner.
Expect sales to grow 7 percent and prices to rise another 5.7 percent on top of 2020’s already high levels. While it is…
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SeaGlass residences on Jupiter Island officially held its groundbreaking ceremony earlier this month. The luxury “boutique” style twenty-one residence, 10-story condominium development is nestled between the Atlantic Ocean and Intracoastal Waterway on exclusive Jupiter Island in the village of Tequesta, FL.
A brand new dining and market complex in Jupiter will have a familiar face backing the investment. Joe Namath, the famous Super Bowl winning quarterback of the New York Jets, and developer Charles Modica make up the power duo behind "Charlie and Joe's at Love Street".
The National Association of Realtors held its Real Estate Forecast Summit where several experts weighed in on projections of what the market may look in 2021. The following predictions (re-posted verbatim to avoid miscommunication) are either from a survey of more than 20 housing and economy experts, or the Residential Outlook panel held during the Summit. Palm Beach County properties will most likely follow the predictions. It is best to discuss the specific area of interest with one of the Waterfront Properties real estate specialists, who are knowledgeable of the market.
Finance titan Goldman Sachs is on the move and Palm Beach County could very well be its final destination. It has been widely reported that Goldman Sachs will be moving an $8 billion dollar division of its company to the sunshine state.
On behalf of our entire family of staff and agents at Waterfront Properties and Club Communites, we wish to express our sincere thanks and gratitude to our clientele for putting faith in our proficiency in aiding their real estate tranasactions.
Kindest regards,
Rob Thomson
Waterfront Properties & Club Communities
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