According to sources such as smartagent.com, it appears that we may be past the worst of the Coronavirus’s impact on the housing market, particularly in the Bay Area. Here are some of the tidbits that may be helpful as you consider making a move in today’s real estate market:
Homes are still selling because we have a chronic housing shortage. Buyers are enjoying the opportunity to place offers without as much competition.
The stock market has rebounded from the crazy lows in March and many experts feel optimism about continued growth.
It looks like the Coronavirus has peaked in California and cautious optimism points to a gradual lessening of shelter-in-place recommendations.
As a Seller, now may be a good time to prepare your home for the market in advance of these changes. And as a Buyer, consider the option of home shopping in a less competitive purchase environment.