A Wall Street Journal article on January 22, 2021 reported that for the year 2020, sales of single-family homes in the U.S. surged to their highest level in 14 years, fueled by ultralow interest rates and a pandemic that sent buyers scrambling for more spacious homes to accommodate remote work.  This has caused prices to rise dramatically.  We certainly saw that phenomenon happening here in Taos (see the Full-Year 2020 Market Report below).

Read the full article at:

https://www.wsj.com/articles/u-s-existing-home-sales-reach-highest-level-in-14-years-11611327933?st=2y3aiel9omsmmx2&reflink=article_email_share