The pandemic has truly affected everyone’s lives. Whether you are the CEO of a Fortune 500 company or a small business owner, Covid-19 has shaped our lives in one way or another. One segment of the workforce that has seen drastic changes are those that previously commuted into the office in a metropolitan hub and who are now discovering the advantages of a remote working life. An IBM survey published in May 2020 showed that 54% of newly remote workers would like to continue working remotely after the pandemic subsides.
The Millennial generation is vastly different than previous generations, and it has affected many aspects of our society. Millennials’ lifestyles and preferences have even started to alter the real estate world. Let’s take a look at how Millennials are shaking up the housing market:
It’s shaping up to be the most competitive home buying season yet and prospective homebuyers know they are entering a seller’s market. In markets with limited inventory, bidding wars are becoming the usual. While home prices are soaring, Americans remain optimistic about the state of the housing market.
Is a real estate bubble to blame for sudden drops in the stock market? Does stock market volatility indicate that a housing crash and recession are imminent? Probably not. Although there are some correlations between stock market activity and the health of the housing market, there isn’t a direct, consistent cause and effect relationship between the two. There are always other factors at work that help to complete the big picture. Here’s some insight into how rates, the housing market and the stock market are intertwined, but still need to be considered separately.
We are well into 2018 and new trends are emerging that will continue to shape the real estate market for the upcoming year. In order to help real estate professionals and homebuyers succeed in the New Year, realtor.com’s data team combed through countless reports and analytics to help forecast the top real estate trends for 2018. Here is what they found:
The journey to homeownership can be a daunting process – especially with today’s limited housing inventory and competitive real estate markets. That’s why now, more than ever, it is greatly beneficial to work with a professional Realtor. Here are 6 perks to working with a Realtor: