Demand
Demand for Residential, Industrial, and Recreational Land Increases During the Pandemic
Land sales rose at a healthy pace in 2020 compared to the collapse in transactions of commercial real estate structures. www.nar.realtor – Research
Buyer Demand Provides Modest Boost to Builder Confidence
New home builders seem to be slowly getting their mojo back. After recovering from the hit they took in the first days of the pandemic, they encountered labor shortages, supply chain issues, and rising material costs. The National Association of Home Builders (NAHB) said that builder confidence in the new home market, driven by strong […]
Rising Financial Wealth Boosts Demand for Vacation Homes
Many homeowners buy a second home expecting to use it for family vacations, as a rental, to gain equity, or – upon retirement – a future primary residence. www.nar.realtor – Vacation, Resort, and Second Homes