As of December 2020, the Bay Area Housing Market is still hot and supply of homes is still tight. 2021 is estimated to see more growth in the real estate market. Mortgage rates at all time lows will keep demand high. With the concerns of COVID-19 still lingering, 1st time homebuyers are still interested in getting more space, away from rental and urban lifestyles. Issues of defaults, foreclosures and unemployment may not affect the market much since there are many investors waiting to snatch up low priced homes and bargains for flipping. The rental market may see a decrease until more people return to work. This is my independent opinion based on data I have gathered. Your research and opinion can and may differ from mine. If you like to discuss it more in detail, please contact me. I'm always willing to share information and have a good talk.
