06/15/2020
During this Covid-19 pandemic, many sellers held off or simply pulled their properties off the market because they didn’t want strangers walking through their homes in the middle of a public health disaster. Even though home prices were already high before this pandemic, the law of supply and demand asserts that when there are more buyers competing for a very limited supply of properties, prices will tend to go up. And that's what we are seeing happen.
But, will we see home prices continue to increase? Learn more of whats going on in the world of real estate here 👇.
In the early days of COVID-19, many were predicting a housing crash similar to that of 2009. Despite the fact we're officially in a recession, it turns out that's not what has happened—thus far, at least—thanks to other significant factors.