

Experts Predict What the Housing Market Will be Like in 2021
The housing market had been unpredictable in 2020.
Mortgages hit a record low, and with the coronavirus restrictions, more people were working remotely. It seemed a good time to relocate.
During this time, the home prices reached new levels as buyers continued to demand more.
As we step in 2021, the following is what the real estate experts have predicted.

Luxury Home Sales Soar in 2020
“Remote work, record-low mortgage rates and strong stock prices during the pandemic are allowing America’s wealthy families to gobble up expensive houses with home offices and big backyards in the suburbs.”

Housing Demand Remains Strong As Mortgage Rates Tumble To Another Historic Low
The average 30-year fixed mortgage rate dropped to 2.67% this week, down from 2.71% the previous week. The historically low borrowing rates continue to drive a boom in the housing market.
Experts expect the market to experience continued growth and price escalation heading into 2021.

10 Work From Home Office Essentials
It’s easy to underestimate the amount of discipline it takes to work from home and stay as productive as you would in an office environment.
In order to stay laser-focused, creating the perfect at home office habitat is key.
From health to ergonomics, comfort to organization, this curated list of 10 home office must-haves is everything you need to thrive working at home.

Median Home Price in California Sets New Record
As a result of the low-interest rates and the historic housing shortage, the median home price for California homes reached a record of $712,430. This increase was also the highest one recorded since March 2014. It was also higher than the six-month average of 4.3 percent recorded between February 2020 and July 2020.

Are LA And NYC Residents Really Moving From The Cities To The Suburbs?
Lately there have been countless reports that city dwellers have been fleeing to the suburbs in search of larger, more comfortable homes at lower costs, due to the fact that they have been finding their downtown apartments increasingly cramped since being confined to their homes.
However, the data surrounding this perception of migration is hard to come by. LendingTree is now reporting that a mass exodus isn’t actually taking place.

Metro Detroit Real Estate Market Becomes Competitive Amid Coronavirus
The COVID-19 pandemic has created an enormous level of economic uncertainty. Businesses are struggling, millions are underemployed, and a possible eviction crisis is looming.
But the housing market, both nationally and in Metro Detroit, has seen steady growth.
Like the majority of the economy, it has largely been shut down for several months beginning in March. Since then, it has continued to climb every month.

Miami Area Home Sales Surge
The median sales of single-family homes in Miami reached an all-time high in November when they hit a mark of $450,000. This was the third consecutive month of setting a new record and the 9th consecutive month of increase.

On The Market: Take A Look Inside Pierce Brosnan’s $100 Million Mansion Inspired By James Bond
"James Bond" star Pierce Brosnan lists his sprawling beachfront mansion, The Orchid House, on the market for $100 million.