The housing market is hot for many reasons. Millenials are one of them. –

real estate sign showing "sold"

A real estate For Sale sign reading Sold hangs on Bard Avenue lawn as home buyers gain strength amid an ailing market.Thursday July 12, 2012. (Staten Island Advance/Anthony DePrimo) Staten Island AdvanceStaten Island Advance

We’ve all heard about houses selling in days with multiple offers and bidding wars being the norm. But in the midst of a pandemic — and all its implications — it’s tough to understand why the housing market is so hot.

Experts tell NJ Advance Media the record home-buying spree is being fueled by low interest rates, a flourish of millennial buyers and urban flight.