March 2021: Are we back to normal? The hottest US housing markets?

 

When it is cooler and the first plants are thriving, home owners are flourishing. Spring is the start of the busiest homebuying season of the year in summer. And although the coronavirus pandemic ultimately hurt last year, according to realtor.com information, buyers are back and more inspired than ever before.

Every month the realtor.com economic forecaster lists the hottest US immobiliary markets, selling the best and clicking on a hurricane. And while property market ended last March, things returned to the seasonal average in last month, with home buying powered by the enthusiasm of long-saved purchasers with higher expenditures because of relatively low prices.  real estate qatar

"One of the stories that we find in 2020 is that so many people have to pause their imagination about ownership," says realtor.com economist Nicolas Bedo. "When we resume sales home again in 2021, we see customers there again."

Case in point: Manchester, NH was the top market in March and was followed by neighboring Concord Metro. And guess last year the demand was still No. 1? Manchester! Manchester! Manchester! Manchester! Manchester. Manchester. Manchester. Manchester.

"People tend to take up where they left off," Bedo said.

Manchester (whose subway district is Nashuamain) is located about 50 miles from Boston in the town of New Hampshire, while Concord is a little further up Interstate Highway 93. The beaches and ski resorts of New Hampshire are all within easy drive range.

However, while affordability was the biggest point of sale last year, this March things were very different. In March, the home price of Manchester Medium Nashua was $420,000, up 8.4 percent per annum. This is also fine compared with Boston, which has a median list of around 700,000 dollars. The mean listing rates for hottest markets were, however, generally 18.9% higher than the average national prices in March.

"We see people at the risk becoming a bit more audacious," Bedo says. This is likely due to the relative low mortgage rate, but it has been growing in recent weeks, and analysts expect the aggregate trend to grow this year. As long as people have little money in their digital accounts, more is spent, but also space, which is an essential concern at the beginning of the pandemic.

It would seem, therefore, that home buyers should be able to sell quickly to increase prices too much – and expect more homeowners to auction their properties in order to face a severe shortage of property which led to wars.

"It looks like a tough season," Bedo says.