One of the most contentious in our nation’s history all continue to test this country in unimaginable ways of Strength of the Housing Market.
Even with all of that uncertainty, the residential real estate market continues to show great resilience. Here’s a look at what the experts have said about the housing market over the past few weeks.
Ali Wolf, Chief Economist of Meyers Research:
“The housing recovery has been nothing short of remarkable. The expectation was that housing would be crushed. It was—for about two months—and then it came roaring back.”
Bill Banfield, EVP of Capital Markets at Quicken Loans:
“The pandemic has not stopped the consistent home price growth we have witnessed in recent years.”
Mark Fleming, Chief Economist at First American:
“It seems hard to deny that when one looks at many of the housing market statistics, a “V” shape is quite apparent.”
Bottom Line
The experts seem to agree that residential real estate is doing remarkably well. If you’re thinking of jumping into the housing market (whether buying or selling), this may be the perfect time.
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