Interesting read on how the Covid-19 vaccines will impact the housing market.
The article discusses how forecasters are predicting that there will be an increase in inventory within the next couple months. As the vaccine continues to distribute amount age brackets some home sellers will finally decide to put their homes up for listing. Housing inventory was at its all-time low during the month of December as demand continued to increase.
By having an excess amount of inventory this could take the pressure off prices.
Realtor.com® reports: “As the economy picks back up and people are no longer afraid to be within 6 feet of one another, they’ll get new jobs, promotions, and raises. That will give them the cash they need to become homeowners or trade up to a larger abode.”
Article by Realtor.com