Housing Market Crash or Rise in 2021?
Instead of just relying a crystal ball, there are some facts that help predict what will happen to home buying and selling in the coming year.
Throughout the pandemic, residential real estate markets across the country have remained steady, and most have even seen growth. While we feel for those that are truly suffering due to COVID-19 related losses, there are positive economic indicators for the future. The Federal Reserve Bank of New York’s Center for Microeconomic Data released a consumer survey of responses in September 2020 entitled Survey of Consumer Expectations showing less pessimistic views about personal financials in the year ahead due to improvements in the labor market and spending expectations.