The state of real estate now — and what’s to come

0
21

By Andrew Bash

Andrew Bash of Bash & Co. Sotheby’s International Realty.

We are finally starting to see the light at the end of the long and winding tunnel of the pandemic. And in our office, the question on everyone’s mind is “What does this mean for the real estate market?”

Today I want share with you what experts are predicting from the market in the upcoming months and further into 2022.

The beginning of the pandemic brought the housing market to a standstill for several months, but it rallied quickly. Coupled with low mortgage rates and the desire to spend more time at home, we saw a marked increase in housing demand across the country.

In fact, the National Association of Realtors reports that more existing homes were sold in 2020 than in any year since 2006. This boom continues and shows no signs of letting up anytime soon. Realtor.com reports that the midwest and northeast housing markets were thriving in the month of April, taking 14…

Read more…