Despite the economic uncertainties surrounding the pandemic, Americans continue to display their readiness to buy homes. The fear of missing out – FOMO – is a big factor. So what are the three trends that are feeding this fear?
It boils down to this: low inventory, low mortgage interest rates, and bidding wars. Lawrence Yun, Chief Economist for the National Association of Realtors said this last week: “To our surprise, the housing market has not only recovered but roared past pre-pandemic levels.” You can click here to read the full article: https://magazine.realtor/daily-news/2020/12/11/3-trends-driving-hyperactivity-in-the-real-estate-market