5 at 5: Your Daily Digest for Real Estate Investing, 11/19/2020 #8211; Motley Fool

Home sales and prices are still soaring #8212; and may keep it up, a possible new homeowner tax credit, a grim holiday retail season but some promising investments still there.

Today on Millionacres

Home Sales, Prices Continue Spiking as Mortgage Rates Hit Another New Low

The #8220;best of times and worst of times#8221; scenario continues in the American residential real estate market, with sales surging amidst an epic pandemic that#8217;s surging itself.

Why it matters: While it#8217;s a great time to sell a home, for the most part, it makes it harder for real estate investors to find a deal. That won#8217;t be getting any easier if this sales pace continues, as the National Association of Realtors (NAR) predicts.

Home Prices and Housing Market Predictions for 2021

Despite the economic challenges 2020 brought, housing has had a banner year: Mortgage rates bottomed out, buyer demand surged, and home prices responded accordingly.

Why it matters: Millionacres#8217; Aly Yale says while there#8217;s no telling the future, there are some glimpses of what housing may look like in the new year, which can help guide investing strategy. She shares some here.

How Investors Can Capitalize on Biden#8217;s New Homeowner Tax Credit

President-elect Joe Biden is proposing the First Down Payment Tax Credit, a refundable, advanceable credit worth up to $15,000 for qualified first-time homebuyers. Biden#8217;s intent is to make that money available when buyers seek to purchase a home; they won#8217;t have to wait until they file a tax
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