Today’s real estate market is one of the fastest-moving in recent memory. With record-low inventory in many market segments – particularly, the San Diego area – we’re seeing multiple offers for homes in the most sought-after neighborhoods. This has led some sellers to question the need for an agent. After all, why spend money on a listing agent when it seems that you can stick a For Sale sign in the yard and just wait for a line to form around the block?
When COVID-related shutdowns began last March, real estate brokers scrambled to respond to the shift, and homeowners debated whether or not to put their houses on the market. What followed was a period of unprecedented demand in the U.S. real estate market, which ended the year with increasing average-home prices and shrinking days on market.
We’ve all spent a lot more time at home over the past year. And for many of us, our homes have become our office, our classroom, our gym—and most importantly, our safe haven during times of uncertainty. So in 2021, it’s no surprise to see that designers are emphasizing soothing color palettes, cozy character and quiet retreats.
The start of a new year always compels people to take a fresh look at their goals, from health and career to relationships and finance. But with historically low mortgage rates, increased home sales and price growth, and a tight housing inventory, the time is right to also make some homeownership resolutions for 2021.
This year has demonstrated, perhaps more than ever, the importance of our family, friends, neighbors, and community. And with the holidays right around the corner, December offers the perfect opportunity to give back to the place we call home.
Let these 10 ways, both big and small, inspire you to do good, wherever you are this season.
Most of us would have expected the housing market to suffer from circumstances like a once-in-a-hundred-years pandemic and historic inventory shortages. But, rather than a slowdown, we are continuing to experience a surprisingly robust real estate market across the country. And experts estimate that these conditions are likely to last well into the new year.