The housing and real estate industries were the bright star of 2020, despite the coronavirus pandemic that shut down businesses and schools and forced people to stay at home.
That is the view of real estate executive Frank Norton Jr. in his annual economic forecast called Norton Native Intelligence. Home sales in Georgia ended 2020 with the best year in decades, he said. As we adapted to shelter-in-place some, like Goldilocks, found the space was just right, others too small or too large.
In his 33rd annual Native Intelligence forecast, Norton said more million-dollar homes were sold on Lake Lanier in 2020 than in any other year. He also said less expensive home were selling equally fast.