Even the most seasoned real estate professionals have a hard time trying to give a right answer to buyers and sellers during this Covid-19 situation. What is clear is that there are less homes on the market in a time that is usually very busy, particularly in the residential market. However there are definitely buyers who need a new home. It may be because of job relocation, retirement, school needs, family situations, all of which do not stop for the virus. Interest rates are at a historically low level, and lenders are still lending. My personal recommendation is to continue to search for your ideal home, so long as you are comfortable that your income stream is secure and the home is affordable there is no reason to halt your search. If you are thinking of selling your home, know there are buyers, like these mentioned above, who still want to find the right one. If you need any further help with buying or selling a home, click the contact tab.
A recent survey of metro areas in the USA revealed that many millennials in particular are regretting more than two years of renting. Zillow Housing Aspirations Report suggests that although homeownership comes with headaches, taxes, insurance and ongoing maintenance and repairs, the regrets from long term tenants is greater.
.... don't have all your eggs in one basket
