April 22, 2021

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Housing market prospers, even with pandemic

5 min read

Even as the COVID-19 pandemic has prompted some enterprises to struggle, one particular area of interest that is holding steady is the actual estate market place.

Properties are staying snapped up, some soon after showing on the marketplace.

That comes as superior information to sellers, purchasers looking for offered property and for tax valuations.

Sue Roach, affiliate broker and waterfront and household specialist at RE/MAX Elite Group in Sturgis, stated the local and regional housing current market is “very strong,” with property values rising.

“I expect this to be a different exceptional year for the housing market with desire charges remaining reduced,” Roach mentioned. “It’s a seller’s market place with need exceeding offer.”

The sector was favorable from January to March 2020, ahead of the COVID-19 pandemic achieved the area. From late March to early Could, Realtors were not allowed to present or list property in Michigan thanks to the pandemic. “We really did not know how COVID-19 would impression the housing market,” Roach claimed.

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