Higher prices, more expensive mortgages and an increase in sales form the basis of predictions for the US property market in 2021. This scenario has interesting implications for investors. Find out why in our latest news article.
Price hikes, lower inventory levels and fast sales in September set the tone for an unusually busy autumn for the US property market. Competition for homes will be fierce and many buyers will not be able to purchase the property they want. As a result, opportunities for buy-to-let investment will open up even further.
Four months after the start of the pandemic, the US real estate is showing strong recovery. In late July, it surpassed the 100 mark on the realtor.com index, indicating that it had returned to January levels. However, despite booming sales and rising prices, supply remains very low and it is very much a vendor's market.
Record buyer interest and surging house prices suggest that the US real estate market has recovered its pre-pandemic levels. And based on the latest figures, analysts are predicting the busiest summer ever, although buyers face a chronic lack of supply.
Even during stay-at-home recommendations, the US real estate market has continued to show signs of strength. Despite fewer listings and a slowdown in the time taken to sell property, house prices keep rising. Median prices for May registered the highest ever.