Spring has sprung and summer is just around the corner. The housing market is still hot and that trend is expected to continue throughout 2021. U.S. News published an article at the beginning of April 2021 about the summer housing market expectations. Some changes are expected, but overall it is anticipated to continue on an upward trajectory. The factors contributing to the positive market are:
- Low-interest rates. Although interest rates may rise slightly, they are expected to remain low and ideal for buyers.
- The desire for more space among homebuyers will continue to drive the market.
- Due to increased new construction and sellers deciding to put their homes on the market, inventory is expected to increase, but the market is expected to remain favorable for sellers.
- The suburbs and smaller markets will continue to see most of the focus as many are moving out of cities. However, the quick vaccine rollout will offer some revival of the real estate market in larger cities.
Whether you are a buyer, seller, or home builder looking for a bit of acreage to build speculation homes, Stutesman Action Realty has many real estate options for you. For example, this six-acre parcel subdivided into three, two-acre lots located in Fort Scott, Kansas is perfect to build three spec homes to meet buyer demand.
Yes, there are many factors pointing to a seller’s market, but there are just as many favoring buyers such as the low-interest rates, remote working opportunities allowing people to live in areas that they would not otherwise be able to live. Stutesman’s Action Realty knowledgeable and professional real estate agents are ready to assist you in both Missouri and Kansas. Call 833.286.8400 to reach one of the three offices located in Nevada, Missouri, Lamar, Missouri, and Fort Scott, Kansas.