{"id":237,"date":"2020-09-03T06:45:00","date_gmt":"2020-09-03T06:45:00","guid":{"rendered":"https:\/\/preprod.realtrends.com\/blog\/2020\/09\/03\/hottest-housing-market-in-nearly-15-years\/"},"modified":"2025-03-13T02:00:37","modified_gmt":"2025-03-13T02:00:37","slug":"hottest-housing-market-in-nearly-15-years","status":"publish","type":"post","link":"https:\/\/preprod.realtrends.com\/blog\/2020\/09\/03\/hottest-housing-market-in-nearly-15-years\/","title":{"rendered":"Hottest Housing Market in Nearly 15 Years"},"content":{"rendered":"<p style=\"vertical-align: middle;\"><em><span style=\"font-size: 13.0pt; color: #445b63;\">Market trends continue to be positive, in part, due to telework. Look out: A slowdown may be coming.<\/span><\/em><\/p>\n<p><!--more--><\/p>\n<p style=\"vertical-align: middle;\"><em><span style=\"font-size: 13.0pt; color: #6d6e71;\">&nbsp;<\/span><\/em><span style=\"font-size: 10.0pt; color: black;\">NAR\u2019s report that the annualized rate of existing homes sales, at 5.86 million, surely doesn\u2019t surprise anyone. Among the brokerage owners and leaders, July closed homes sales were a welcome and positive result. Most are telling us that August won\u2019t be far behind. <\/span><\/p>\n<p style=\"vertical-align: middle;\"><span style=\"font-size: 10.0pt; color: black;\">&nbsp;<\/span><span style=\"font-size: 10.0pt; color: black;\">None of this should surprise you. Nor should what comes next. We crammed 120 days of demand into 60 days. On top of this. the country is undergoing a transition from \u201clive-where-you-work\u201d to \u201cwork-where-you-live.\u201d Further, there is anecdotal evidence that a meaningful number of families have decided to cast their lot away from large, urban core cities, especially those with a high cost of living.<\/span><\/p>\n<p style=\"vertical-align: middle;\"><span style=\"font-size: 10.0pt; color: black;\">Much of this excess demand will run into three realities sometime later this year. The first reality is that each of these trends will start to subside. Pent-up demand will ease. Secondly, the lack of inventory will slow the market. Lastly, even by the end of the year, it\u2019s likely that we will still have abnormally high unemployment, with millions of workers out of work.<\/span><\/p>\n<p><span style=\"font-size: 10.0pt; color: black;\">It behooves brokerage firms and agents to be aware that a slowdown is coming. Plan accordingly<em>.<\/em> <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market trends continue to be positive, in part, due to telework. Look out: A slowdown may be coming.<\/p>\n","protected":false},"author":15802,"featured_media":4822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3255],"tags":[],"coauthors":[],"class_list":["post-237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-archive"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hottest Housing Market in Nearly 15 Years<\/title>\n<meta name=\"description\" content=\"Hottest Housing Market in Nearly 15 Years\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/preprod.realtrends.com\/blog\/2020\/09\/03\/hottest-housing-market-in-nearly-15-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hottest Housing Market in Nearly 15 Years\" \/>\n<meta property=\"og:description\" content=\"Hottest Housing Market in Nearly 15 Years\" \/>\n<meta property=\"og:url\" content=\"https:\/\/preprod.realtrends.com\/blog\/2020\/09\/03\/hottest-housing-market-in-nearly-15-years\/\" \/>\n<meta property=\"og:site_name\" content=\"RealTrends - 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