Market Update

Here’s what current housing market conditions mean for the rest of 2021

     
Here’s what current housing market conditions mean for the rest of 2021

According to an August 2020 survey by Redfin of 1,000 people who were planning to buy a home within the next 12 months, 25% of respondents stated the pandemic caused them to want to move or speed up their moving timeline, and 17% indicated they were interested in looking for a less expensive home.

This increase in demand for homes caused listing prices to climb, and that trend has continued through the first four months of 2021, due to the pandemic-fueled desires of people wanting a new home coupled with continued low-interest rates.

Continue reading Here’s what current housing market conditions mean for the rest of 2021 at Movement Mortgage Blog.

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