It is one of the best seller's markets the real estate industry has seen in a long time, perhaps event better than the mid-2000s. List your home for sale on the market one minute, and the next you're likely fielding offers.
It's no secret the real estate market is super hot right now and the demand for homes is high. There are more buyers than homes available for sale. In fact, according to an article on Realtor.com, the national inventory of active listings declined by 53% over last year.
If you're in the market to buy a home right now, you're probably finding out that it's not easy. According to the National Association of Realtors (NAR) existing home sales are -3.7% month-over-month. This is a direct result of the historically low inventory of homes available for sale.
It's no secret that homes are selling quickly. There is stiff competition because the low inventory of available homes for sale is unprecedented.
It has always been said that owning a home is the American dream. According to the latest 2021 statistics from ipropertymanagement.com, "44.1 million or 35.9% of U.S. households rent their homes."
It's a sizzling, fast-paced seller's real estate market right now. This is due in part to the inventory of available homes for sale being historically low. It was low at the end of 2019 and continues to drop.
It's a "super seller's market" right now. Home values are increasing as buyers are competing for homes. According to the National Association of Realtors (NAR), the inventory of homes is at it's lowest since 1999.
If you are looking to add a real estate rental property to your investment portfolio, now is a great time to do it. As interest rates are still historically low, it's inexpensive to borrow money right now.
Home staging practices evolve over time. If you are planning on selling your home in 2021, you'll want to help improve your property value by staging it with new trends, as well as incorporating tried and true staging practices.