ATLANTA – We’ve all heard about the red-hot real estate market, with listings drawing multiple offers during the first week of offering. On top of that, rent is soaring and now the Secretary of the Treasury has admitted that inflation appears to be on the horizon.
So, what is going on with this crazy real estate market? And what does it mean to you at home?
FOX 5 real estate expert John Adams, who, in full disclosure, is himself a landlord, shares the five things you need to know about the real estate market right now.
1. Rents are up everywhere – everything is screaming inflation.
One of the important effects of the pandemic is that many Americans were able to save up cash that they might otherwise have frittered away, and are ending the period flush with cash. In addition, many buyers are tapping into the Bank of Mom & Dad for their down payments.
And yes, it…