Some May Wait but Buying a Home Is Still a Great Investment in Your Future
Forbes Contributor Brenda Richardson recently wrote an article revealing that prospective homeowners are putting off buying a house because of the recession caused by the coronavirus pandemic. I certainly respect Americans for being cautious as we all work together to navigate what is and what could be.
Richardson’s article was based on a survey by Bankrate that found that 22 million adults put off buying a home as a direct result of the national crisis. Further, the survey says 62% of potential buyers will wait for six months or more and 20% have put their plans on hold indefinitely.
Throughout this pandemic, Realty ONE Group has professed a Faith-over-fear approach which has helped our tens of thousands of real estate professionals push forward. I would urge Americans who dream of owning a home to do the same.
For those of you who can, you’ll find opportunities in low financing and also in a busy and active housing market, despite the recession. Because inventories were incredibly low pre-pandemic, there’s still a lot of opportunities to find the perfect house and a professional real estate agent will get you there.
For those who will put their plans on hold, don’t be discouraged. Owning a home is still the best investment you can make in your future and we’d love to help you open that door when you’re ready.
