Will housing market crash in 2021 | Next housing crash prediction | What is a housing bubble?
😊💜While many areas of the economy have contracted, the housing 🏠 market has stayed exceptionally strong💪. But can the good news📰 last?
🦠 When pandemic-related shutdowns began in March 💉,👨💼 real estate brokers and clients 👩💻scrambled to respond to the shift. 📉 Record-low interest rates caused some 👨💼 lenders to call a halt to new underwriting, and 👫 homeowners debated whether they should put their houses 🏠 on the market. However, those first days of uncertainty ushered in a period of unprecedented demand not only in Texas alone but in the entire U.S. real estate market 🏘.
According to HAR’s 2020 annual market report📰🗞 for Houston, single-family home🏡 sales surpassed 2019’s record volume 📊by more than 10 percent! Single-family home sales 💵for December jumped💹 25.5 percent compared to December 2019. The highest sales activity transpired among homes priced 💰between $500,000 and $750,000, which rocketed 80.8 percent. The luxury market, consisting of homes priced at $750,000 and up, came in second place, climbing 54.0 percent. Followed by homes in the $250,000 to $500,000 range, which rose 44.6 percent.
But now that the 🏘 Spring market 🏘 is here, you may be wondering whether the good times can continue to roll on. If you are a homeowner, 🤔 should you take advantage of this opportunity? 🤔 If you are a buyer, should you jump in and risk paying too much? 🤔 As a local realtor, I will try to answer some of your most pressing questions.
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**Jennifer Yoingco is a full time licensed Texas REALTOR (#648293) with Walzel Properties, LLC. She has been helping first time home buyers, experienced buyers and sellers search homes for sale, houses for sale in the greater Houston area (serving Houston, Tomball, Spring, The Woodlands, Cypress, Conroe, Magnolia, Sugarland, Richmond, and the surrounding cities). She negotiates to the clients’ advantage by using cutting edge digital marketing technology. She is teamed with marketing professionals who can showcase the home to the best advantage. Contact her for any real estate needs. Email: JenYoingco7@gmail.com (832)286-8636**
