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What a difference a year makes.

This time last year, Power Brokers were sitting pretty, a healthy economy in hand and a bullish outlook on 2020. But a growing concern was also casting a shadow of uncertainty—the nascent COVID-19 virus.

No one could anticipate with any degree of certainty what the fallout would be one year later. But after a couple of barren months sparked by a pandemic-induced recession and near worldwide lockdown, a housing boom took hold—and the results of RISMedia’s 2021 Power Broker Survey tell the story.

From an inventory drought to a sea change in relocation patterns, market challenges and opportunities have created a wild ride for this year’s Power Brokers. Triggered by the pandemic, changes to the way brokerages must operate and the way consumers need—and expect—to be served, have caused brokers to rapidly adapt in order to reap the current rewards and navigate the longer-term effects.

CoreLogic® recently released the CoreLogic Home Price Index (HPI) and HPI Forecast for February 2021.