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Inventory is incredibly low, we're in multiple offer scenarios every day," Lewis stated. Most of those sales are made up of single-family houses, she said. "We weren't anticipating this." As to why the housing market is seeing a rise when other areas of the economy are struggling, Lewis indicated a couple of potential reasons.

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" People's lives are also altering, too I do know divorces are going up right now, job losses, individuals needing to scale down. However then a great deal of people have actually done actually well over the last year from not putting kids in recreation activities or travelling, so they're purchasing realty," she said.

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