Tech economy, rather than virus, remains biggest uncertainty in real estate market

Source:Almanac News — 

Not even a pandemic has been able to slow down the Midpeninsula’s housing market. After shutting down for nearly two months in early spring 2020 during the initial COVID-19 lockdowns, the local real estate market has come roaring back with surprising resiliency. Last year, it saw its highest sales volume in a decade.

Low interest rates, a strong tech economy and — surprisingly — all the turmoil of the pandemic fueled what some Realtors have described as a “historic market” in 2021, with single-family homes in all price ranges seeing a bump in activity.