The real estate market was in quite a boom last year despite a terrible pandemic and an economic downturn.
According to Foxbusiness.com, experts are now predicting that 2021 will also be a good year for the real estate market.
The national association of realtors is expecting movement in the market this year for a few different reasons.
Yes, there is a vaccine for COVID-19, however, it will take some time for the vaccine to become widespread and safely administered to the general public. People will continue to work from home in order to stay safe, and for many the realization that they can productively work from home (pandemic or not) will cause them to want to spend more time working from home, which means they will want to upgrade for more space.
The vaccine will help reverse some of the job losses and will help boost home buying this year, and there are many buyers from last who are still looking due to the lack of inventory.
Many sellers who were hesitant to put their properties on the market last year will now feel more at ease once they see how productive the market is being and the safety measures that are put in place to prevent the spread of the virus while trying to sell.
All of this coupled with the continuation of the record low interest means the real estate market will stay productive and in a boom cycle.
What does this mean for you? If you are looking to sell, this is the time to reach out to Amin Vali and do something about it. Buyers are looking for properties and are willing to pay above asking. If you are an investor, then buying unused commercial and multifamily properties that are undervalued right now, for future gains is a potential strategy for you.
Amin Vali Real Estate Investment is available to answer all of your questions and provide you with the right resources and details.