At the beginning of last year, the onset of the COVID-19 pandemic led to mass economic
hardship and uncertainty. When it came to the housing market, many people were unsure of
what these new economic conditions would mean, but the housing market for 2020 was
booming after some retrenching. Mortgage rates were hitting all-time lows, and inventory was
running out as home prices were appreciating. This led to an incredibly enthusiastic and
competitive market that created more wealth for homeowners and led to an overall great year
for the housing market. So, will it be a repeat of the roaring 20s we saw last year?