I wonder how much of this madness is actually caused by Covid. The Millennials, who are the largest generation ever, are hitting the market in a big way. Boomers aren't selling and downsizing.
What we saw around January could have been the pent up demand after about 10 months of no one doing anything during the more serious lockdown.
I'm just not sure I buy the idea that there was a mass migration to the burbs caused by Covid at the root of the current real estate boom. The millennial demand is only going to increase as more and more start having kids. Boomers are also living a lot longer and seem to have no desire to move into condos.
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