FEATURE
Business as Usual? What to Expect in the 2021 Real Estate Market By Rick Sharga, RealtyTrac
B
y any reasonable measure,
Residential Real Estate: Dramatic
than most economists and analysts
2020
Drop, Rapid Recovery
expected during the second half of
year. A global pandemic, a
The residential real estate market
the year. Despite the dramatic drop-
worldwide recession, a contentious
was a roller coaster ride in 2020,
off in sales during the usually crucial
U.S.
and
starting off on a high note, falling off
spring homebuying season, existing
ongoing unrest across the country
a cliff in late March when shelter-
home sales were up by about 2%
ensured that there was no such thing
in-place orders were levied, and
on a year-over-year basis at the
as “business-as-usual.�
then recovering much more rapidly
end of November according to the
18
was
Presidential
an
unusual
election
