Source: Forbes —
By the end of 2020, housing prices had risen in major metropolitan areas in the country, allowing homeowners to see the value of their homes increase substantially. For first-time buyers this was not such good news, however, causing many to put their purchasing plans on pause while prices continue to the upswing. The housing market appears to be as hot as ever — until you start to look more closely, that is.
The pandemic has created a fragile economy where anything could transpire. There are a few warning signs to consider, starting with higher mortgage rates. Not to mention, there is always a boom prior to a crash, and this recent market has been one of the largest bull markets — defying logic with the events transpiring around the pandemic.