Wednesday, January 13, 2021 / by Nichole Barna
2021 Real Estate: What to Expect
Real Estate in 2020 was quite interesting. In spite of the pandemic, recession, and unemployment, the average home value was still up 5 percent and mortgage rates were at an all time low!
Many are predicting 2021 to be another optimistic year, for Real Estate anyways. Some things to keep in mind are as follows:
Shift for More Affordable Housing: People will move where the jobs are and away from expensive housing. Millenials are relocating out of state to live a more affordable lifestyle. With the unemployment rate so high, we are projecting to see many people on the move.
Urban Shift: The pandemic has shown that many jobs can be done from anywhere. So although many people are relocating to warmer climates or more affordable areas, there are still others who want to be near the infrastructure, social activities and close to premium healthcare services.
Jobs: Some jobs are not coming back. Businesses have adapted to fewer employees during the Pandemic. ...
Many are predicting 2021 to be another optimistic year, for Real Estate anyways. Some things to keep in mind are as follows:
Shift for More Affordable Housing: People will move where the jobs are and away from expensive housing. Millenials are relocating out of state to live a more affordable lifestyle. With the unemployment rate so high, we are projecting to see many people on the move.
Urban Shift: The pandemic has shown that many jobs can be done from anywhere. So although many people are relocating to warmer climates or more affordable areas, there are still others who want to be near the infrastructure, social activities and close to premium healthcare services.
Jobs: Some jobs are not coming back. Businesses have adapted to fewer employees during the Pandemic. ...
