Harvard University just released a new housing market report giving their predictions of the direction the real estate market is heading and going over the impact 2020 has had on our economy and real estate market. I this video I go over my biggest takeaways from the report and help you understand the data.
The State of the Nation’s Housing report has been released annually by the Harvard Joint Center for Housing Studies since 1988. Now this year 2021, it continues to serve as an essential resource for both public policy makers and private decision makers in the housing industry. This year’s report concludes that the U.S. housing recovery should regain its footing, but also faces a number of challenges. Tight credit, still elevated unemployment, and mounting student loan debt among young Americans are moderating growth and keeping millennials and other first-time homebuyers out of the market.
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Updated: Boston Real Estate Blog 2021