June 10, 2020
Consumer demand is returning in the real estate market, but the inventory of homes for sale is still low. This combination of high demand and low supply provided tailwinds for home prices this spring. Prices were up 1.6% year-over-year in May, signaling the strength of the real estate market despite the ravages of the pandemic.
June 3, 2020
In the financial recession of 2008, many real estate markets across the country saw home values plunge for years. Some markets have yet to recover fully from that crash. This year, the coronavirus-led recession is very different; home values are holding steady, and even increasing in some markets.
May 27, 2020
Now that the economy in the tri- state area is beginning to open up, the big question in real estate is whether home values will go up or down from this point forward. The strongest predictor of this metric is also the simplest: supply and demand.