If you’ve been paying even the slightest bit of attention to Richmond’s real estate market over the last year, then you know: It is a red-hot seller’s market. One of the hottest in the country, in fact. The number of houses available is historically low, meaning sellers are cashing in big-time with multiple offers — often far above their initial asking prices. So why is real estate inventory so...
seller’s market
By Tommy Waterworth There’s still a lot of uncertainty surrounding COVID-19, but we’ve come to find a number of facts about the real estate market during the pandemic. Honestly, the results make sense although the overall outcome sounds surprising. In short, the real estate market is white-hot for sellers and for buyers despite the effects of COVID-19. Interest rates are at historic all-time...