The Real Estate Times
_____________________________________________________________________________________________Post Pandemic Real Estate News July 2020 Issue
Are People Still Buying and Selling Homes?
The coronavirus threw the housing market a curveball. Realtors in many parts of the country report strong demand for homes — so intense that some sellers field dozens of offers as soon as their listing hits the market, and once-ordinary properties are fetching tens of thousands of dollars over their asking prices.
Instead of pushing the housing market into a slump, as many had feared, the COVID-19 recession has redrawn the supply-and-demand curve. There are fewer buyers, an obvious result of double-digit unemployment. But there are also fewer homes on the market — and that means fierce competition f