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Housing Market: Redfin Expects Home Sales Will Top GDP of France
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:05:03
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Sinopsis
The housing market is firing on all cylinders, and it’s revving up for a home sale record. Redfin is forecasting $2.5 trillion in U.S. home sales this year. That’s more than the GDP of France, and about equal to the combined value for Amazon.com and Facebook. Redfin says home sales will probably rise about 17% year-over-year in 2021. That would be a bigger jump than we saw during the pandemic last year, when demand skyrocketed for single-family homes. It will also be the biggest jump in sales since 2013. As we’ve been reporting, the housing market has gone through a huge transformation because of the pandemic. It brought mortgage rates to a record low and triggered a migration of people to new markets because of the remote work trend. In April, Redfin conducted a survey among remote workers and about 60% of those people expect to continue working from home at least part time. That kind of shift is work habits and demand for work-at-home space has helped to push home sales higher. And that’s despite a critical