Real Estate Market in the United States is Finally Slowing Down
During the COVID-19 global pandemic, the housing market went through its own set of turmoil. While undoubtedly billions of lives were impacted due to the pandemic, the lifespan of the impact is still ongoing.
In the earlier part of 2020, the economy suffered tremendously, which put many people’s desire to buy a new home on the backburner.
However, for those who were still in the market to purchase, the number of people still searching for a house outnumbered the number of houses available.
With unemployment percentages decreasing across the nation and fewer restrictions especially in southern states, more people are going back and rethinking the idea of purchasing. Even still, the median cost of a home in the United States currently sits around $385,000. According to a report by Realtor.com, this number is up 10.3% from 2020 around…