Redfin CEO Thinks Housing Demand Will Last Into 2021

Redfin CEO Thinks Housing Demand Will Last Into 2021

Despite historically low mortgage rates, it's been undeniably difficult to buy a home in 2020. Limited inventory is driving up demand, causing home prices to skyrocket. Existing home sales rose by 9.4% in September, and the median home purchase price climbed almost 15% year over year, according to the National Association of Realtors.