U.S Housing Market Forecast and Predictions for 2021

Dealty28 Dec, 2020Real Estate

In 2020, due to the coronavirus arrival, the seasonal trend and other measurements for home sales were thrown out of the whack. The February housing data, before Covid-19 was pretty juicy. The housing sector was outperforming the economy this year. It is said if the February pattern continued, total existing-home sales would have been greater than last year. But Corona Crises took some juice out of the housing market. The market dropped to new lows and was briefly put on hold in the first half of 2020 but in the second half, the market started to heat up and made an impressive rebound which made up for all the market losses. Here are Real Estate trends that were observed in 2020.