Why 2021 Will NOT Be the Year the Market Crashes!
One thing we sometimes hear from buyers and sellers is that they are waiting for the market to either slow down or crash before making their next move.
The 2008 housing market crash is still fresh in many people's minds and that leaves some wondering will the housing market crash this year with how quickly home prices are increasing and how fast paced the market is.
Today we are unpacking why all signs point to NO, we are not at risk of a market crash!
A bright spot in an otherwise dreary 2020 was the real estate market.
After briefly reduced at the beginning of the pandemic, home sales soared, while mortgage rates continued to drop.
We are seeing an absolutely bananas market so far this year with no sign of it letting up. This is great news for home sellers. For buyers, the market is complicated which makes having the right agent on your side absolutely crucial.
We continue to experience increased demand from buyers who delayed purchasing homes last year and low inventory due to sellers who have held off on selling due to the uncertainty of the last year.
We have already seen the increase in buyer traffic even before the Spring Market has fully heated up!
If you are thinking of buying or selling, we'd love to be there to help you navigate this crazy, ever-changing market.