The 2021 Rental Market: 3 Predictions
Rental prices will probably stabilize in the first half of 2021, with possible dips in urban areas as more working-from-home renters move to the suburbs.
Rental prices will probably stabilize in the first half of 2021, with possible dips in urban areas as more working-from-home renters move to the suburbs.
In an industry that relies on human contact, masks conceal expressions, muffle speech and create misunderstandings. But people can read a smile through your eyes.
While 2020 will forever be the year of the pandemic, real estate pros might also remember it as the year when mortgage rates kept dropping to all-new record lows.
An ongoing shortage of land, labor and materials pushed new-home sales lower than experts expected – but they were still 20.8% higher year-to-year.
It’s the fifth straight month home prices increased. “Extremely low mortgage rates and a limited supply of homes for sale continue to propel price gains.”
It’s hard to look at 2020 in a positive light, but the real estate industry was uniquely and unexpectedly a beacon of hope for a nation battered by the COVID-19 virus. Home sales boomed, mortgage rates repeatedly hit record lows and rising values bolstered homeowners’ equity.