Housing-Market: U.S. Home Sales Likely to Hit Record High of $2.5 Trillion In 2021.
That’s a 17% year-over-year gain. It’s fueled by a combo of record-low mortgage rates and a wave of migration made possible by remote work. Almost two-thirds (60%) of people expect to continue working from home at least part time after the pandemic. The South is expected to lead the way with $1.09 trillion of home sales forecast for 2021.The region has attracted scores of out-of-town homebuyers who are in search of affordability and space. Nashville is among top 10 U.S. metros with the biggest net inflows in the first quarter. Click to read the Redfin article.
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