Tuesday, May 4, 2021 / by Ameil Gill
Most areas across the country are experiencing housing shortages. Having more buyers than homes for sale creates a strong market, and multiple offer situations, typically above asking.
The pandemic has led to a surge in demand, and there are more motivated, willing and able buyers in the market than ever. The increased demand comes from people needing more space (for offices, etc.), low interest rates, a mass exodus from cities, and more millennials entering the housing market than ever before.
Builders are catching on and trying to meet the demand for housing, and despite record-breaking lumber prices, new homes are popping up everywhere across the country.
#mortgage #properties #realestatemarket #homeownership #homeowners