Source: The Intelligencer —
The national housing market has been hotter than ever over the last couple of years, with markets across the country facing housing shortages and price increases that have made it tough for average buyers to compete. A perfect storm of low mortgage interest rates, a nationwide shift to a remote work culture, and other pandemic-related factors, have only added fuel to the fire in most markets. In other words, it’s tough to find the hidden real estate gems for buyers.
That’s especially true for investors, who have to compete with not only each other for the more desirable properties, but also the slews of new buyers who are now in the market for homes. In addition, there have been widespread foreclosure moratoriums, eviction moratoriums, and a severe shortage of new home construction projects that can’t meet demand in most markets. All these events combined result in a recipe for a lack of housing—and a very unusual housing market for all parties involved.