The 2021 real estate market is more competitive for home buyers According to the National Association of Realtors (NAR) Economist’s Blog, there were 4 Offers for Every Home Sold in February 2021. So what options are available for home buyers? What are some creative ideas for getting an offer on a home accepted?

If so, you are not alone!

8.9 Million People Relocated since the beginning of the pandemic according to the National Association of Realtors and USPS.

That is pretty amazing if you think about it! During a time where people were at home more, 8.93 million of those folks moved to another location between March and October 2020. Most people moved at the beginning of the pandemic and during the summer months. This is an increase of 94,000 people from the previous year!

Dr. Lawrence Yun, Chief Economist from the National Association of REALTORs is forecasting* a strong real estate market in 2021 due to:

• Significant job recovery due to availability of the COVID vaccines,

• Ongoing record low mortgage rates,

• Demand for homes arising due to remote working flexibility, and

• Available homes constrained by low inventory.