Home Values

Home Prices: What Happened in 2020? What Will Happen This Year?

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The real estate market was on fire during the second half of 2020. In Sussex County, 2020 was a near-record fiscal year for building-related revenue.

Buyer demand was way up and the supply of homes available for sale hit record lows. The price of anything is determined by the supply and demand ratio, so home prices skyrocketed last [...]

National Housing Market Becoming Increasingly Balanced

The housing market is on the mend and is not as grossly out of whack as it has been in years past, according to a recent USA Today article.

Evidently, housing markets across the country are reporting that more homes are coming on the market and asking prices are leveling out.

This all means that the housing market is becoming increasingly stable, instead of an extreme buyers or sellers [...]