Ep 78: Real Estate Realities of 2021

Real estate enjoyed a strong year in 2020 and many are asking us if these trends will continue this year. Today we’ll look at the one national opinion on the realities of 2021 and tell you whether we think they’ll apply to Oregon and the Northwest.

On This Episode:

After an extremely busy year of real estate in 2020, what can we expect to happen in 2021? Of course no one can predict the future, but experts have made some projections for the year ahead.

On this episode of the podcast, we’re going to dive into a report by Inman.com about the realities of real estate this year. They are a website that provides a national perspective on real estate so we wanted to take their predictions for 2021 and see if they apply to Oregon and the west coast.

As you’ll hear on the show, Colleen continues to remain optimistic about the market ahead and we’ll get her thoughts on appraisals, inventory, leasebacks, investors, and pricing during this episode.

Listen to the full episode or click on the timestamps below to hear a specific segment.

[1:43] – Low inventory and high demand

[2:32] – The market won’t pay top dollar over-priced and dated homes.

[3:21] – Investors will focus on over-priced/dated homes.

[6:34] – Transactions will become even more accelerated

[8:31] – Leasebacks will be more popular

[11:04] – Appraisal challenges continue

[13:24] – Markets will undergo major changes

Colleen Quotes:

“If this house checks half your boxes, let’s get a strong offer in because that’s how fast things are moving.”

– Keeping It Real Estate Podcast

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Show Host

Colleen Benson

Colleen is a licensed Principal Broker in the State of Oregon. She has more than 20 years of experience as a Realtor and has helped build the top Keller Williams team in Salem. Her tremendous team now serves buyers and sellers throughout the Willammette Valley and the Oregon coast. She is the host of the Keeping It Real Estate radio show on 104.3 FM KSLM. The show plays Saturdays and Sundays at 1pm and has been on the air since January of 2019. Don't hesitate to reach out to Colleen if you have any questions about buying or selling real estate in the area!​

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