Northern New Jersey’s office properties ranked twelfth on the “buy-hold-sell list” for 2021 in the ULI forecast. Thankfully, the Pelican State is not already among the U.S. states with the highest bankruptcy rates. "In our latest forecast, national home price growth will slow to 0.6% in July 2021 … In this article, we break down these predictions for real estate investors to understand what to expect through the end of 2020 and into 2021. These 13 housing crash factors will shape the housing market. Here are my top 11 predictions for the housing market for 2022, 2023, 2024 and 2025: The housing market is in a tricky situation given massive unemployment, continued shelter-in-place, the coronavirus, and tremendous uncertainty. Part 2: MARKET SUMMARY 4th Quarter, 2018 Housing Data: New Jersey Revenue losses were severe, with a whopping 76% of respondents experiencing decreased earnings through the first eight months of 2020 – including some deeper losses in healthcare and transportation. That's why NJ REALTORS ® has partnered with the MLSs in our state to compile the best, most comprehensive data available about the New Jersey housing market, powered by 10K Research & Marketing. Jersey is 76% during this period. The market is a 2 tiered one of inner city … If this Housing Market Forecast is correct, home values will be higher in the 4th Quarter of 2021 than they were in the 4th Quarter of 2018. Looking for a real estate forecast for the next 5 years? The Covid 19 shutdowns have impacted the rental housing market, yet prices have risen and look to rise further in the face of ongoing rental housing shortages, and a housing market that may cool. 1) Home Prices Predictions Check out the latest US stats, and discover when you should buy or sell. The exact figures, however, are less important than the explanation behind the expected drop. This is the only article on the web that includes real estate market predictions beyond 2022. Another capital city will take a housing market hit heading into 2021. This thorough report on the US rental housing market for 2020 and 2021 offers stats, insights, and trends happening as we head toward 2021. Here are my housing predictions for 2021. And we go even further than that, outlining our predictions through the year 2025! Related: The Future of Real Estate Investing After the Pandemic. But recently, a number of housing and economic experts have issued their real estate market forecasts for the US. Corelogic’s forecast predicts home prices nationally will have fallen 6.6 percent year-over-year by May 2021. Home sales in the state, second only to New York in coronavirus cases, may fall as … Housing Market Crash 2021: The housing reports are comprehensive assessments and predictions of US Housing markets drawing insight from NAR, CAR, Corelogic, Wall Street Journal, Freddie Mac, tradingeconomics, statista, and more industry sources. However, after a massive 44% month-over-month rebound in U.S. pending home sales in May and another strong 9.6% rebound in September, the U.S. housing market is stronger than ever! Baton Rouge, Louisiana, is expected to see a housing market downturn of 2.3%, the worst in the nation, after the coronavirus pandemic. You’re in luck. Check this page each quarter for updates to the New Jersey Real Estate Market Forecast. Knowing what's happening in the real estate market is a key factor in a successful transaction, whether you're the buyer, seller, or REALTOR ®. More from The Active Times: The housing market in New Jersey is about to get crushed. "The CoreLogic Home Price Index registered a 4.3% annual rise in prices through June, which supported an increase in home equity," Frank Nothaft, chief economist, said in a press release. A forecast by Haus shows home prices dropping between 0.5 and 2.5 percent from October 2020 to July 2021. Many of the results of NJBIA’s 2021 Business Outlook Survey are what you might expect for such a devastating plunge of New Jersey’s economy.