2022, which will continue to fuel demand from both home - buyers and investors. Risks for 2021 include variability around expiring for - bearance and eviction policies. It is likely these programs will be extended again for a period; however, once the consumer protections expire, spikes in foreclosures and evictions could flood the market with inventory and have a negative effect on prices. CoreLogic reports FHA delin - quencies around 18.8 percent with serious delinquencies at 12.5 percent for the Dallas market.
Affordability is beginning to become an issue. Rapid appreciation is causing first time home buyers to be priced out of the market, even with historically low interest rates. Tighter lending restrictions are also constraining other - wise qualified buyers. 2021 SFR Housing Price Forecast: +2 percent to +5 percent
The variability around this forecast is wide and dependent upon data available as of September 2020. The severity and duration of the COVID-19 epidemic, as well as the response of the public and policymakers, continues to change daily.
Current Rent Price
5yr Rent Change
Current Home Price
© 2020 Mapbox © OpenStreetMap
© 2020 Mapbox © OpenStreetMap
© 2020 Mapbox © OpenStreetMap
3Bd SFR Rental Price
Pct 5Yr Chg
SFR Home Price
$1,400
$2,000
15.0%
35.0%
$200,000
$350,000
Rent vs Income
Median Household Income
Gross Yield
© 2020 Mapbox © OpenStreetMap
© 2020 Mapbox © OpenStreetMap
© 2020 Mapbox © OpenStreetMap
Rent vs Income
Finalhhinc
Avg Yield
22.5%
45.0%
$50,000
$100,000
7.5%
11.0%
thinkrealty . com | 71
Made with FlippingBook Online newsletter