Adam Constantine on MLK Jr.’s impact on housing equality

During the interview, Constantine explains why the industry needs to focus on evoking intentional change rather than launching lackluster initiatives.

Navigating capacity concerns amidst record-high volumes

High loan volumes continues to loom large in the new year, making the “one-stop-shop” approach to the servicing and lending process even more appealing.

How servicers continue to protect neighborhoods amid COVID

We spoke with MCS CEO Caroline Reaves about self-service technology, the shift to virtual and how servicers can prepare for post-COVID success by improving processes today.

How student loan debt impact homeownership

Student loan expert Catalina Kaiyoorawongs shares her practical and tangible advice for people who feel overwhelmed by their student loan debt.

Real Estate

Will 2021 bring more balance to home sales?

Expect a lot of home sales in 2021

Daryl Fairweather
Redfin Chief Economist

This is the second installment of our economist Q&A series of the top housing market forecasts for 2021 that focus on everything from home sales to mortgage rates. To help provide as much guidance as possible on what to expect in 2021, HousingWire interviewed a top economist every Tuesday in December in the HW+ Slack channel.

In this installment, HousingWire interviewed Daryl Fairweather, chief economist at Redfin, on her 2021 forecast article on home sales. This article has been lightly edited for length and clarity. 

HW: To kick us off, you said home sales will reach their highest level since 2008, why is that? And more specifically, why do you think we will see more sales next year than we saw in 2020?

Daryl Fairweather: Life has changed drastically for all Americans this year, and for many that means they’re going to move into homes that fit their new lifestyles. We already saw a lot of that movement this year, but I do think that there are a number of sellers who were nervous to list during the pandemic, and will be ready to sell in the coming months. That new inventory combined with increasing demand from buyers is going to result in a lot of home sales!

HW: During our last Q&A with Haus’ Ralph McLaughlin, he said we might start seeing a swing toward a buyer’s market next year, but you’re calling seller’s market. Why is that?

The rest of this content is for HW+ members. Join today with an HW+ Membership! Already a member? log in

HW+ includes weekly long-form digital content, HousingWire Magazine, access to HousingStack, and free admission to all HousingWire virtual events.

Most Popular Articles

Prepare for the rise in mortgage rates

Economists offer their takes on how high mortgage rates will climb, how lenders will respond and what impact this will have on the housing market. HW+ Premium Content

Jan 18, 2021 By

Latest Articles

Biden issues 60-day regulation freeze

As one of his first directives after taking office, President Joe Biden announced a 60-day freeze on regulations in order to give his administration time to review any new rules.

Jan 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please