Housing is thriving! As the economy recovers from this year’s health crisis, the housing market is playing a leading role in the turnaround. It’s safe to say that what we call “home” is taking on a new meaning, causing many of us to consider buying or selling sooner rather than later.
Today’s high buyer demand combined with low housing inventory means we’re seeing home prices continue to rise at an above-average pace. This demand is being driven by those who want to take advantage of historically low mortgage rates.
These factors are driving a positive impact on the economy as a whole.
As new home builds continue at a fast pace, the construction sector is continuing to look strong for the next 12 plus months.
There’s no doubt the growing economy is being fueled in part by the soaring housing market. Experts forecast this housing growth to carry into 2021, continuing to make a big impact on the economy next year as well.
The Kiwi dream of homeownership has continued to thrive in the midst of this year’s economic downturn, and “home” has taken on a new meaning for many of us during this time.
Best of all, the housing market is making a significant impact as the economy recovers.
Thinking of buying or selling? Contact me today!
Helpful and interesting info from Paul, and Harcourts to help you with your property journey.