The year 2021 is ending with the news that COVID infections are, again, on the rise nationally. What this means for real estate is more of the same, said Ken Johnson, a real estate economist at Florida Atlantic University, and that’s not a good thing.
On this episode of Houses in Motion, part of HousingWire Daily, Johnson discussed with HousingWire Real Estate Reporter Matthew Blake that the public’s and government response to COVID could mitigate plans to increase mortgage interest rates. Also, the construction of new inventory could further stall.
