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15 Cities With the Most Expensive Homes per Square Foot
15 Cities With the Most Expensive Homes per Square Foot
Homebuyers in these metros might experience some sticker shock.
One of the COVID-19 pandemic’s most noteworthy economic effects is the unusual set of conditions currently facing the real estate market.
After a full year of working and schooling from home and with many employers considering whether to continue remote work arrangements even after the pandemic is under control living space is at a premium. Simultaneously, government stabilization and stimulus measures during the pandemic, including sustained low interest rates and multiple rounds of cash payments to individual households, have pumped money into the economy. For middle and upper-income earners whose jobs easily transitioned to remote work and never experienced the economic shock of losing a job these measures have helped boost savings rates to record levels. A growing number of would-be homebuyers now hav
Cities With the Most (and Fewest) Real Estate Agents
Depending on where you live, you may have no trouble finding a real estate agent.
Like many other sectors of the economy, the real estate market was shaken in 2020 due to the effects of the COVID-19 pandemic. Shutdowns and social distancing measures slowed down real estate transactions in the spring, bringing home sales down to their lowest levels since 2007. As time has gone on, the real estate market has produced both challenges and opportunities for buyers, sellers, and their real estate agents, making it difficult to predict trends moving forward.
On the buyers’ side, low mortgage interest rates have continued to spur demand overall, and the new normal of work-from-home has made more workers reconsider the value they place on where they live, commute times, and home amenities. Meanwhile, some households have lost jobs and income due to the economic repercussions of the pandemic, while others are in a position to enter the
Cities With the Most (and Fewest) Homes For Sale
Cities With the Most (and Fewest) Homes For Sale
If you re house hunting, these could be the best (or worst) places to find a deal.
2020 was a year like no other for the residential real estate market, and the market is still feeling the effects.
The onset of the COVID-19 pandemic in the late winter and early spring of last year set off a series of whiplashing shifts. Initially, public health concerns and stay-at-home orders brought the market to a halt as buyers and sellers alike held back on transactions. But over the course of the year, demand rebounded in dramatic fashion. Increased household savings gave many people more resources to enter the market, especially among first-time buyers in the millennial generation. Meanwhile, space and amenities in the home took on additional value because more people were working and schooling from home. All of these factors have driven up the demand for homes.