Thinking of buying or selling in the near future" Just interested in the real estate market" While the pandemic hampered home sales in the spring of 2020 (which is traditionally the busiest season for real estate), the market swiftly recovered. According to real estate analysts, the spike in home money by the end of 2020 […]
The post Trends Shaping the Real Estate Market at the End of 2021 appeared first on Unhappy Hipsters.

Thinking of buying or selling in the near future" Just interested in the real estate market"

While the pandemic hampered home sales in the spring of 2020 (which is traditionally the busiest season for real estate), the market swiftly recovered.

According to real estate analysts, the spike in home money by the end of 2020 compensated for the market’s deficits in the spring. The housing industry was drastically impacted during the COVID-19 pandemic.
Sellers decided to press pause on their endeavors, while buyers, incentivized by low mortgage rates and the need for more space, entered the market in record numbers.

This led to low inventory and high demand ? in other words, an extremely strong seller?s market.

However, the market is ever changing, and these conditions may soon be shifting as the economy recovers and sellers head back to the market. If you?re thinking of dipping your toes in real estate in the coming months, be aware of these key trends.

1. Bidding wars finally retreat as inventory plays ca...