2020 was a challenging and very extraordinary year. First, because of the COVID19 pandemic, then the political division in almost every part of the world and the economic downturn that is still present up to this very moment. Many lives have lost, as well as livelihood; businesses shut down, jobs lost. It was a year of depression and fear for many of us.
One of the industries that is badly hit by the current global problems is real estate. In the past, spring was usually considered the hottest season for real estate, but home sales was disrupted in the spring of 2020. Health concerns and stay-at-home orders forced buyers to reduce their home-buying activity.
But towards the end of 2020, the market quickly made an impressive rebound. Real estate experts have reported that the surge in home sales made up for the spring market losses.
