Top national real estate economists at an online conference Wednesday predicted home prices would continue to rise in 2021.
The well-known analysts said a lot of the same factors that pushed up prices this year — low mortgage rates and lack of homes for sale — would continue next year. They were speaking at the 54th annual conference of the National Association of Real Estate Editors, online for the first time because of COVID-19.
They said what will likely be different next year will be an increase in homes for sale, which should slow price appreciation. It should be noted many of their predictions hinged on widespread vaccination occurring throughout 2021.
Frank Nothaft, a senior vice president and chief economist at CoreLogic, predicted national prices would increase 4.1…