Yes, Americans are still buying and selling homes
One of the questions we’re asked almost on a daily basis is “How’s the real estate market?” Most people we speak with assume that, because of the pandemic, it’s come to a screeching halt and that prices have plummeted.
Neither of these assumptions is true. In fact, people are still buying and selling homes. We’re not seeing the volume of activity that we usually see in the spring market, but the market is not stagnant.
Prices have remained much the same as they were before the onset of the pandemic, much to the dismay of homebuyers. Home sellers are digging in and few are willing to take rock-bottom offers.
It’s the low-interest rates, however, that keep homebuyers in the market.
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