The new year is upon us, which means it's time for our 2021 real estate predictions. Below we've identified 7 key real estate trends for the coming year, many of which have been shaped by the tumultuous events of 2020. For a look back at last year's predictions, check out this article from our blog.
Our 2021 Madison real estate predictions
#1: Mortgage rates will remain historically low for the whole year.
The Federal Reserve has indicated it's committed to doing what it can to keep mortgage rates low for the foreseeable future. If this holds true, this means rates for a 30-year mortgage should be around 3 percent for all of 2021.
#2: Home and condo sales will be at or above the levels from 2020.
Low mortgage rates will fuel a…