The housing market is red hot, but just how long can it last?
Katerina Krumwiede wasn't looking to move.
She and her husband, Rob, recently spent "well over" $100,000 on a complete remodel of their Encino, Calif., house that added a backyard gazebo, custom kitchen countertops, new roof and imported bathroom tiles from Spain.
But Krumwiede, 40, said the single-story house still lacked quiet space â a drawback when the COVID-19 pandemic hit and she had to work from the master bedroom if she wanted to escape the sound of her husband's frequent video calls.
Eventually, it became too much, setting off a chain reaction that led the family to sell their Encino home for $1.5 million and purchase a larger one in Calabasas for $1.7 million.
"It was very uncomfortable sitting on the bed all day long," said Krumwiede, an entertainment industry lawyer. "My back was really hurting."
In recent months, the national housing markets have been red hot.
