The COVID-19 global pandemic has rocked markets all around the world, and the real estate market is no exception. For both home buyers and home sellers, questions abound. People wonder how the housing market will be affected by the virus, and for good reason.
The last time the world witnessed a significant global recession was just ten years ago, where the median sales price of existing homes dropped by 25% across the board. The downturn lasted for years.
Today, homeowners wonder if they should sell quickly before things get really bad. Conversely, potential home buyers wonder if the worst is yet to come, and if they should wait a few more months in the hopes that home prices will drop further.
If you’re interested in homes for sale in…
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