Home Prices: What Happened in 2020? What Will Happen This Year? The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last year. Dr. Lynn Fisher, Deputy Director of the Federal Housing Continue Reading about Home Prices: What Happened in 2020? What Will Happen This Year?
Real Estate Market
Home Shortage – Where Have All the Houses Gone?
Where Have All the Houses Gone? In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to take advantage of record-low mortgage rates and purchase a home, housing inventory dropped even Continue Reading about Home Shortage – Where Have All the Houses Gone?
Record-Low Housing Inventory is Great for Sellers!
What Record-Low Housing Inventory Means for You The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Continue Reading about Record-Low Housing Inventory is Great for Sellers!
Housing Bubble – 3 Reasons We’re Definitely Not in One
Housing Bubble - 3 Reasons We’re Definitely Not in One Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. This time, housing Continue Reading about Housing Bubble – 3 Reasons We’re Definitely Not in One
Real Estate in 2021: 3 Reasons to Be Optimistic
Real Estate in 2021: 3 Reasons to Be Optimistic This year will be remembered for many reasons, and optimism is one thing that’s been in short supply since the spring. We’re experiencing a global pandemic, social unrest, an economic downturn, and natural disasters, just to name a few. The challenges brought on by the health crisis have also forced many homeowners to reevaluate their space and Continue Reading about Real Estate in 2021: 3 Reasons to Be Optimistic
