Indicators are a great source of knowledge and insight to the future (almost as good a crystal ball). Right now, we have with several key pieces of information that are important to note as we anticipate what might happen in 2021.
Ultra-low interest rates: They are historically low and are also fueling rising prices. Seldom - if ever - has there been a weak real estate market in a low interest rate environment.
Limited Inventory: Many areas around the US, including the Bay Area, are experiencing shortages of several types of properties, especially more affordable entry-level homes. More buyers than sellers usually fuels a strong market.
High Demand: The demand to buy a new home continues to escalate, fueled further by accelerated plans AND Millennials coming of age to buy.
Under-building: The US is under-constructing homes by MILLIONS.
COVID Vaccines: They are here and distribution is underway. There is now a clear path to significant relief and an end to the pandemic.
Stimulus Money: Trillions of dollars are already circulating globally and more is coming to further fuel the economy.
Elections: The election insanity of 2020 is coming to a close. By the time the run-offs are complete in January, we will have a better understanding of future direction in the Federal Government. Certainty has value.
Caitlin’s local instinct and personal network elevate her above her competitors. She understands the details involved in buying or selling a home and she is committed to providing an efficient and effective process from start to finish. Caitlin truly believes there is no better feeling than when a client is thrilled with their real estate experience.