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On Jan. 7 @recentertx published its annual Texas Housing & Economic Outlook, which forecasts the year ahead in real estate trends for single-family housing, apartments and commercial real estate. 1/x
Interest rates will continue at low levels because of low inflation expectations and the Fed's current monetary policy. The U.S. economy is projected to register slow growth during 1Q2021 & accelerate afterward due to effects of the vaccinations & the stimulus bill. 2/x
The 2021 housing market will be characterized by strong demand w/ low inventories accompanied by positive price growth. Inventories of homes priced under $300k will be especially low, affecting sales in that price range. Price growth will be positive because of stable demand. 3/x
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