The Mortgage Bankers Association predicts that the number of existing homes sold will hold steady at 6.4 million each quarter, and sales of new homes will grow from 905,000 to 979,000 per quarter by the end of the year as builders generate more inventory. MBA sees mortgage rates rising to 3.4% by the end of 2021, but they don’t expect that to stop eager homebuyers any time soon.
Source: forbes.com