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Boca Raton News

ARTICLE

Date ArticleType
2/23/2021 General

Real Estate Market Booming…

Real Estate Market Booming…Are we sitting on a Bubble?

The good news is the booming market we experienced in 2020 is rolling right into 2021 and so far, activity is quite strong, but are we sitting on a real estate bubble?

All indications point to a resounding “NO”. Unlike what we experienced in the mid 2000’s, today over 43% of homes in the United States are owned “free and clear” and almost 60% of all homes have at least 60% equity. A sharp rise in demand, spurred by record-low interest rates, continues to bolster homeowner equity. 

The limited housing supply we are currently experiencing is projected to continue well into 2021 and keep home price appreciation on this upward trajectory. According to the National Association of Realtors, Realtor.com, Freddie Mac and Fannie Mae, home price forecasts across the country are projected to range from 2.1% to 6% for 2021 and record low interest rates continue to fuel climbing real estate prices. 

Real estate markets are hyper localized and what is happening in your city or community can vary from what is happening a few short miles away, the next county over or half way across the country.

For more information about the Real Estate Market in general or to discuss your particular needs, please feel free to call Barbara Feller/Keller Williams
(954) 816-4900, or email [email protected]. 

Thanks to Our Sponsors

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Copyright Boca Chamber.  All Rights Reserved.
1800 N. Dixie Highway, Boca Raton, FL 33432
Phone: (561) 395-4433 | Fax: (561) 392-3780 | [email protected]
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  • The Chamber
    • Join the Boca Chamber Today!
    • About the Boca Chamber
    • Testimonials
    • Meet The Team
    • Meet the Board of Directors
    • Message from the CEO & Chair
    • Pay Your Invoice
    • Programs and Events >
      • Ambassadors
      • Women's Business Programs
      • EXPO'S
      • Annual Celebration
      • Membership Breakfast
      • Business Awards Luncheon
      • DIAMOND Award Luncheon
      • Golf Classic
      • Holiday Auction
      • Leadership Boca
      • Leads Groups >
        • Leads Group 1
        • Leads Group 2
        • Leads Group 3
        • Leads Group 4
        • Leads Group 5
        • Leads Group 6
      • PULSE Business Professionals Under 40
      • BLU-PAC
    • Calendar >
      • Chamber Calendar
      • Community Calendar
    • Chamber Resources >
      • Boca Chamber Annual Directory
      • Boca Chamber Quarterly CONNECTION Newsletter
      • Member Coupon LIst
      • Coupon Help - Please Read
      • Technology Forums
      • Office Depot Membership Program
      • Partnerships - Lynn University
    • Boca Raton TRUSTEE MEMBERS >
      • Join the Trustees
      • Trustee Benefits
    • Market Your Company >
      • Advertise With Us
      • Get Involved!
      • Exhibitor Tables
      • Free Opportunities
      • Social Media
      • Visit Boca Raton
    • Hurricane Recovery Resources
    • Committees
    • Coupons
    • Contact Us
  • Welcome
    • Visit Boca
    • Boca Chamber Chat Podcast
    • Visit Boynton
    • Relocation Packet
    • Boynton Beach Resources
    • Education >
      • Palm Beach County Education
    • Golf in Boca
    • Health Care
    • Hotels
    • Map of Boca Raton
    • Restaurants
    • Shopping
    • Sports
    • Transportation
    • Worship
    • Real Estate
  • Business Directory
    • Advanced Search
    • New Members
    • All Categories
  • Advocacy
    • BLU-PAC
    • Legislative Agenda 2024
    • Federal, State and Local Government Links
    • Golden Bell Education Foundation
    • Leadership Boca
    • Non-Profit Member Opportunities
    • Young Entrepreneurs Academy (YEA!)
    • Information Station
  • Events
    • Chamber Events
    • Community Events
  • Boynton Beach
    • About
    • Calendar
  • 44th Annual Holiday Auction