Lee Honish | Honishreport

(Realtor Edition) Real Estate Pros Pick 2021's 7 Biggest Housing Issues

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Synopsis

www.everhome.io presents:Real Estate Pros Pick 2021's 7 Biggest Housing IssuesThe lack of inventory will be the biggest story in housing this year, said real estate professionals recently surveyed by HomeLight, a real estate referral company. HomeLight’s Top Agent Insights report, conducted in the fourth quarter of 2020, reflects responses from more than 1,000 real estate professionals nationwide.What issues are top-of-mind for real estate professionals for 2021? Survey respondents identified seven key trends expected to affect housing the most in the new year, according to the HomeLight survey:1.Inventory shortages.a.Eighty-four percent of the real estate professionals surveyed said that inventory was lower than they expected at the end of 2020.2.Widely distributed vaccines to boost consumer confidence.a.Fifty percent of agents said that a widely distributed vaccine could encourage more sellers to list their homes and help offset inventory challenges.3.Some homes will be lost to foreclosure.a.Forty percent o