The forbearance programs unveiled by the government (and now recently extended) has helped accelerate the real estate market’s growth in 2020. In what could have been another glut of foreclosed homes and evictions, the government’s moratorium may have prevented another depressed real estate market. As a REALTOR® in Sarasota, I can tell you that I have never seen the real estate market this hot. With historically low mortgage rates, consumer-relocation available because of Covid and our beautiful locale, people are snapping up the available homes from the already-low inventory levels.
Let’s hope the market stays active and stable.