Housing marketing trends for 2021

Housing Price Growth Continues in Double-Digits Back in March of last year, the important estate market looked to be headed into a steep decline thanks to widespread stay-home orders. Since then, homebuyers, supported by low-interest rates, have kept the US housing market afloat. According to Sell My House Fast for Market Value, the pandemic has certainly affected every sector but the residential land market has been very resilient and it continues to be a pillar of support for the economy. The housing market bounced back in 2020 much faster than other sectors of the economy and has sustained that growth and pace into 2021. 2020 was a record-breaking year for the US housing market. the standard U.S. home was worth $266,104 in December, up 8.4% (or $20,587) from a year ago. a complete of 5.64 million homes were sold in 2020, up 5.6% from 2019 and therefore the most since before the good Recession, consistent with Lawrence Yun, NAR’s chief economist. Sales also rose 0.7% from November and 22.2% year over year. Existing home sales reached the very best level in 13 years. The housing market trends within the first month of 2021 showed that home buyers will face a competitive spring season as inventory remains low. The demand has led buyers to desperately bid up the costs of obtainable properties, sending home prices soaring. House prices in the main local land markets still rise. The housing market is becoming harder for home buyers. The demand is basically high, and therefore the supply and inventory are deficient. House prices rose nationwide in February, up 0.9 percent from the previous month, consistent with the newest Federal Housing Finance Agency House price level (FHFA HPI®). House prices rose 12.2 percent from February 2020 to February 2021. The previously reported 1.0 percent price change for January 2021 remained unchanged. The FHFA HPI is that the nation’s only collection of public, freely available house price indexes that measure changes in single-family home values supported data from all 50 states and over 400 American cities that reach back to the mid-1970s. If your interested in selling your home please contact We Buy All Kinds Of Houses for more info go to: https://webuyallkindsofhouses.com