What the Housing Market Looks Like So Far in 2021 — And What That Means for the Rest of the Year

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When the pandemic hit the U.S. in the first quarter of 2020, the economy stalled, and homebuying and selling ground to a halt. People spent more time at home, shielding themselves from the uncertainties of the coronavirus, and by the time the real estate market came alive again, people were ready to buy. According to an August 2020 survey by Redfin of 1,000 people who were planning to buy a home within the next 12 months, 25% of respondents stated the pandemic caused them to want to move or speed up their moving timeline, and 17% indicated they were interested in looking for a less expensive home.

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Original Article Source Credits:   Yahoo Finance , https://finance.yahoo.com/ 

Article Written By:  Cynthia Measom

Original Article Posted on:  NA

Link to Original Article:  https://finance.yahoo.com/news/housing-market-looks-far-2021-160000489.html