The Housing Market Is The Place To Be Now (August, 2020 Housing News)
Channel: Noel Christopher
Date: 31/12/2020

At the beginning of the pandemic, I really thought second home markets were going to get crushed. I couldn't have been more wrong.

My market here in #SteamboatSprings has been on fire. What is different is that not only are people flooding out of the cities for more space to vacation, but they are also buying homes to live. This is going to fundamentally change cities for the future.

#corelogic came out with some aggressive home appreciation rates at 4.9% year of year. I don't know how long this will last. With rates low and going lower, supply low, it will be a while before we see this level off.

This is driving the demand for #singlefamilyrental that has no end in sight. I'm working with #builders and #landdevelopers to put deals in the pipeline.

Add the #1031exchange buyers to the mix and you have some pretty aggressive buyers out there. #RealEstate and #Housing is the place to be right now.

#UnemploymentBenefits are ending and will be reduced if we can get past the impasse in D.C. That will be interesting to see how it plays out with the lower band of renters.

Our www.rwselect.com builder program is looking for more builders to highlight their homes to retail investors. Our first home builder partner sold everything.

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