"There's a plaque on our wall that says we've sold over 65 million albums, and I don't feel I've accomplished anything. I feel like I'm just getting started.” – Eddie Van Halen
As Eddie said, we are just getting started! One of the best things about life is that we're constantly learning and growing and this year has certainly presented its share of challenges and opportunities for growth. As 2020 unfolds, we have uncovered that niche real estate markets are thriving as work from anywhere becomes the norm and changes the landscape of business forever.
New home sales surpassed an annual rate of 1 million sales for the first time since 2006 last month.
Some reports estimate there’s a shortfall of as many as 4.5 million homes needed around the United States due to a combination of pent up demand from the COVID lockdown, owners holding back on selling till COVID passes, low-interest rates, and rising demand from millennials (and Gen Zs that are right behind them) hitting their home-buying years make for the perfect storm. That's around 170 million people needing a home demographically. In addition, people are living longer and staying in their homes longer averaging around 13 years, which is up 3 years from 2008. (Marketwatch)