Armstrong says properties offering something distinctive or particular are nonetheless commanding sturdy prices. Bolstered by the present low inventory, costs aren’t anticipated to decline precipitously, in Armstrong’s view, however usually have a tendency to “stabilize” from the frenzied bidding wars seen in earlier months. Armstrong thinks building inventory will be critical to get those patrons back out there. She sees lots of them as “taking a break” from their search rather than giving up completely. The real estate market increase that was set in movement in the early days of the COVID-19 pandemic was nonetheless working at a madcap pace …
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