Home sales saw a growth of 5% in 2020 and experts are predicting a rise of more than 10% in 2021. This is because Americans are taking advantage of low interest rates and purchasing homes that fit their new lifestyles. In 2021 more new homes will be built than any other year since 2006 and historically low interest rates are playing a big part in this.
An estimated 14.5 million Americans will move across county lines, which is the highest number since 2004. With employees being able to work from home, it gives them more flexibility on housing