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Lawrence Yun, chief economist of the National Association of Realtors along with a group of nationwide real estate experts made the following predictions this past Thursday at the NAR's summit.

---Unemployment rate will be 6.2% next year and will decline to 5.5% in 2022. This is better than many economists anticipated earlier this year.

---Mortgage rates are expected to increase with the average 30 year mortgage rates @ 3% and 3.25% for years 2021 and 2022, respectively.

---Annual median home prices are expected to increase 8% in 2021 and 5.5% in 2022.