Economic Predictions For 2021

All of the news is saying that Greenwich is an extremely hot market. We agree and expect this trend to continue through the fall and perhaps even longer. Here is why:

  • Mortgage rates are at an all-time low of 2.7%. Rates may increase slightly this year, but through 2021 low rates will keep demand strong.
  • NAR Confidence Index shows buyer demand is high, but inventory remains low. If you are a buyer and find the house you want, don’t hesitate. If you are a seller, put your home on as soon as you can.
  • Working from home will continue to be a trend, even after the pandemic  is over. Companies have seen the advantage for themselves and their employees, of allowing employees to work remotely, at least part of the time. Without having to commute so often, buyers are seeing the advantage of living in Greenwich, with space, better schools, safety and lower taxes.

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