“2021 Real Estate Market Predictions”
WASHINGTON – Because of the COVID-19 pandemic, some housing trends will accelerate, some will come to a halt, and some will spawn entirely new areas of growth.
Exodus to the South. The single-family housing market has been booming during what has become the “Great American Move.” The pandemic has fueled the desire for lower-density areas, propelling suburban growth, a trend that was already happening in the last five years as millennials start families. The South, which offers greater housing affordability, is benefiting the most from relocation trends during the pandemic.