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Housing Market

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The cost of goods across industries is rising, leading to broader concerns about inflation and whether people will struggle to purchase the items they could afford in the past. But there are financial moves consumers can make to hedge against inflation. One of those strategies is to invest in real estate, especially when mortgage rates […]

A year ago, we were in a very different place: The COVID-19 pandemic was just beginning, but the real estate market had been running hot. With interest rates and housing inventory near historic lows, most areas of the country were in a solid seller’s market, and most homeowners were enjoying watching their home values appreciate, with their home equity growing (in some locations) by leaps and bounds.

In most areas, the onset of the pandemic last spring temporarily brought the real estate market to a standstill. As time has gone on, however, demand in the real estate market has picked up in a dramatic way. 

Despite the current COVID-19 recession and the initial drop in home sales, the national housing market expanded significantly in 2020.

Despite widespread economic declines brought on by the COVID-19 pandemic, the real estate market has remained surprisingly strong, with record-setting increases in existing home sales in every region of the United States. 

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