Here’s an inside look at where I predict our inventory is headed in 2021.

As you already know, our market is defined by low interest rates, low inventory, and high demand. In many markets, we’re seeing multiple offers and bidding wars.

There’s something that we’re not taking into consideration, though: There are currently 2.8 million homes in forbearance right now, but they won’t be forever. When the forbearance period of these homes expires, the owners either have to make those deferred payments or put their homes on the market for sale. This will bring more inventory to our market, but how much? Nobody knows yet.

If you’re thinking about buying or selling a home in the next year and want to talk about how you might be affected by current market conditions, don’t hesitate to reach out via phone 602-738-9943 or email. I look forward to hearing from you soon.