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Realtor.com®’s 2021 housing forecast predicts record-high prices will continue rising in 2021, delivering a blow to first-time buyers and those on a budget.

Mortgage interest rates, which hit historic lows this year and helped fuel the go-go growth in U.S. housing markets, are also expected to tick up again, making monthly housing payments ever more expensive.

Prices are expected to jump 5.7% next year as a result of more properties forecast to hit the market, particularly in the second half of next year.

While still unwelcome news for buyers, the double-digit price hikes seen this year aren’t expected to carry over into the new year.

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