What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

<article class="post-51456 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-51456"><span class="entry-date">October 8, 2021</span><div class="entry-header center-block text-center"><h1 class="entry-title">What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=What%E2%80%99s+Causing+Today%E2%80%99s+Competitive+Real+Estate+Market%3F+%5BINFOGRAPHIC%5D&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fwhats-causing-todays-competitive-real-estate-market-infographic%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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<h3><strong>Some Highlights</strong></h3>
<ul>
<li>Today’s strong sellers’ market is the direct result of high <a href="https://www.simplifyingthemarket.com/2021/09/14/the-truth-about-todays-buyer-demand/?a=712984-fa409495d5d70154d03a25e81e9540e2">demand</a> and low <a href="https://www.simplifyingthemarket.com/2021/10/06/what-do-supply-and-demand-tell-us-about-todays-housing-market/?a=712984-fa409495d5d70154d03a25e81e9540e2">supply</a>.</li>
<li>Low <a href="http://www.freddiemac.com/pmms/">mortgage rates</a> and <a href="https://www.pewresearch.org/fact-tank/2020/04/28/millennials-overtake-baby-boomers-as-americas-largest-generation/">generational trends</a> have created an increased demand for homes. Meanwhile, the slower pace of new home <a href="https://cdn.nar.realtor/sites/default/files/documents/Housing-is-Critical-Infrastructure-Social-and-Economic-Benefits-of-Building-More-Housing-6-15-2021.pdf">construction</a> and homeowners <a href="https://blog.firstam.com/economics/why-homebodies-versus-pandemic-fueled-demand-will-determine-the-outlook-for-housing-market-potential">staying</a> in their homes longer have both led to today’s low supply.</li>
<li>If you’re thinking of selling, let’s connect to talk about our <a href="https://www.nar.realtor/research-and-statistics/research-reports/realtors-confidence-index">local area</a> and how you can take advantage of today’s <a href="https://www.simplifyingthemarket.com/2021/09/24/its-still-a-sellers-market-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2">housing market</a>.</li>
</ul>
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