ERA February 2021 MarketWatch
Posted by ERA Landmark Real Estate on
This week Robyn Erlenbush and Amy Chorew, VP of Learning at ERA Real Estate, discuss the wrap-up of 2020. We experienced a surge in real estate and the impact is ongoing. Inventory is at a record low, interest rates are still low, and home prices are rising. Here is their evaluation of the forecast for 2021.
Homeownership rates are reaching a high. After the housing bust of 2008, homeownership plummeted to its lowest level in 2016, and then began a climb that has gathered pace since 2020, potentially bypassing the last recorded peak in 2005 of 69%. (Source: Federal Reserve Economic Data)
Remote work has become the norm, setting off a chain reaction in home buying – people abandoning apartments in expensive cities where proximity to work or…
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