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The coronavirus pandemic upended the global economy in 2020. Now a year after the first lockdowns were enforced in the United States, many economic sectors are still reeling from the pandemic’s effects. The housing market, however, rebounded remarkably quickly.
Limited travel opportunities, stay-at-home orders, and movement out of major cities drove real estate demand in much of the nation. By December, home prices were up more than 8%, and home sales were up more than 5% relative to 2019. Will this momentum carry into 2021?
In this article, we’ll run through some of Liberty Home Guard’s housing market predictions for 2021. While no one can know exactly what the future has in store, we can take stock of important economic indicators and real estate market trends to get a good idea of where the U.S. housing market is headed.
In short, it’s looking like the U.S. will sustain the seller’s market at least through the end of the year. Home sales and prices will continue to increase, more homebuyers will enter the market, and demand for available homes will continue to outpace the supply.
Other factors to consider are mortgage rates, foreclosure rates, and easing restrictions as rates of coronavirus infection rates fall.
Whether you’re a buyer or seller, a home warranty gives you a leg up in the housing market. A seller’s home warranty can attract buyers and raise the value of your home. A buyer’s home warranty can help you affordably and conveniently protect your new investment in the event of an appliance or system failure.
For the realtors out there, Liberty Home Guard can also provide a real estate home warranty. They right plan can help you facilitate a sale and build your business.
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One of the best ways to build your business as a real estate agent is to ensure your clients are happy long after a sale is finalized. This bolsters your professional reputation and leads to more referrals in the long run. Purchasing real estate home warranty coverage is an excellent means to thi