Let’s take a look at the metro areas projected to enjoy the biggest housing price gains in 2021.
See the complete 2021 Housing Market Forecast and Predictions from Realtor.com.
From the figures above, it’s clear that sellers, especially on the West Coast, have much to gain as the economy continues to rebound.
Of course, volatility in the housing market is always a possibility especially as the COVID-19 pandemic continues to be a part of our lives. That's just one more reason money expert Clark Howard wants you to be frugal with your money.
In general, Clark advises that you stay away from making large purchases right now. Instead, focus on building your emergency fund so that you can have some money on hand should you need it.
But if you're considering buying a home, Clark wants you to think long and hard about your financial situation before making a decision.
"If you are planning to own the property for a number of years, then today's conditions are fine as long as your employment situation is stable," Clark says.
Ready to become a homeowner? Here's how to buy a home and save money in the process.
More Real Estate Resources From Clark.com:
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