CRAZY REAL ESTATE MARKET in 2021 – Increased sales and higher prices, many buyers, and low inventory

The first quarter of 2021 was the most active three months for the real estate market over the past 15 years. Prices are rising in virtually every corner of the United States. Prices of real estate have increased by at least 10% in almost every major city. In this issue, we discuss the state of the real estate market in the United States and answer the question of what creates high demand for real estate and if we should expect any changes in the near future. The main reasons for the high demand: low interest rates, the younger generation (millennials) is entering the market, the demand for better living conditions, increased demand from investors, and low inventory of real estate.