Will The Housing Market Maintain Momendum

Last week’s Existing Home Sales Report from the National Association of Realtors (NAR) shows sales have dropped by 3.7% compared to the month before. This is the second consecutive month that sales have slumped. Some see this as evidence that the red-hot real estate market may be cooling. However, there could also be a simple explanation as to why existing home sales have slowed – there aren’t enough homes to buy. Living through a pandemic has caused many to re-evaluate the importance of a home and the value of homeownership. The residential real estate market will benefit from both as we move forward.

Home Buying, Buyers, 2021 Housing Market, Home Selling, Phoenix Real Estate, Real Estate Statistics, SellersLyn TrayteApril 28, 2021Buyers, Sellersa, Housing Market, Housing BUbble, Phoenix Homebuying, Phoenix Market, Home Buying ForecastComment