GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you might read more about oureditorial guidelinesand our products and servicesreview methodology.
If Biden wins again, what canhomebuyersand sellers expect for real estate over the next few years?
Here are their takes onwhere the housing market could be headed with a Biden win.
A Sellers Market
Cirksena predicted that home sale inventories will remain low.
Low inventory means more buyers than sellers, he said.
That would point to a continued elevation of home prices.
In a sellers market, buyers tend to facemore competition and pressureto make quick decisions.
This can lead to bidding wars and homes selling for far more than their asking price.
Likely not raising rates more, however holding steady at or near the current levels wouldnt be a surprise.
Another plus for low inventory and higher prices.
High rates mean homes would be less affordable for buyers.
Cirksena also predicted that mortgage rates would stay where they are.
Higher demand and lower inventory means higher prices remain steady.
The low rates of the last few years were most likely an anomaly.
More From GOBankingRates
Share This Article:
