It’s February!! We are moving right along in 2021! Spring is around the corner!
What will the real estate market look like in 2021? Market experts say the pandemic is a main predictor.
The nation will continue to see COVID-19’s unprecedented seller’s market effect on the single-family housing market, experts say, and it will be evident in North Carolina — particularly in the Triangle and Charlotte.
Since the summer’s housing boom began, sales surpassed those in 2019 due to the Triangle’s existing popularity and to all-time-low federal interest rates, which allow more people to afford mortgages.
In the Triangle, the annual number of housing starts grew by 4.5% in 2020, but the number of homes sold far outpaced that number, growing by 11.4% from last year, according to Metrostudy.
As we see it, the housing market is still on target and homes are selling!
If you or family/friends are looking to explore what Raleigh and the surrounding areas have to offer, please reach out. We are here to answer questions and keep you informed of what is happening in the area.
