“The housing market is roaring right now.” “Home prices climb to record high in pandemic as buyers seek space.” “2020: the summer of booming home sales.” As you might have noticed, these are the types of headlines that have been dominating our news feeds across the nation and in Washington, D.C.
And without a doubt, this year did mark a sizable shift in home buying needs as consumers adjusted to our “new normal” pandemic reality.
Some trends at the forefront of this unprecedented moment in real estate? More emphasis on space—space to spread out, to be outside, and to work from home—as well as the return of suburban allure.