Updated: Apr 26
"I still believe in Santa, the Easter Bunny, the Tooth Fairy, and true love. Don't even try to tell me different." – Dolly Parton
Spring is in full bloom with longer sun-filled days, flourishing gardens, and a refreshed mindset that reminds us to be joyful this time of year as we celebrate the light and love of the spring season, Easter, and Passover ... a time of rebirth, renewal, reflection, and appreciation.
Most real-estate analysts agree that the pandemic helped ignite the current boom as some urbanites looked to leave crowded cities like New York and San Francisco for more space in the suburbs while working from home.
When lockdowns began lifting last year, home sales took off: June sales surged nearly 21% over the prior month, the biggest monthly increase on record going back to 1968. That milestone lasted only a month when July sales rose almost 25% from June. Market watchers also say that a number of longer-term trends are at play that should keep the housing market hot, or at least steady, even after Covid-19 related demand fades. Millennials, the largest living adult generation continue to age into their prime home-buying years and plunk down savings for homes. At the same time, the market is critically undersupplied and new home construction hasn't kept up with the household demand. Homeowners are holding on to their houses longer and buyers are competing fiercely for a limited number of homes. (WSJ)