Source: Yahoo Finance —
When it comes to real estate in 2021, there’s just one word to describe it.
It started in 2020 with the coronavirus pandemic, as urban dwellers fled the dense cities and moved to the spread-out suburbs, snapping up properties sight unseen in some cases. And as jobs went remote and workers realized they no longer had to live in a set spot, the moves continued in 2021. With a serious lack of inventory, bidding wars ensued, some buyers skipped home inspections or paid cash to lure sellers to accept their offer, and the most-coveted homes sold seemingly the moment they went on the market.
But now that we’ve reached the next season, what will fall hold for the real estate market? According to a report from Realtor.com, the market is starting to cool down — just a bit — and prices are starting to stabilize.