75% of homebuyers surveyed reported the pandemic altered their plans: 25% boosted their timelines, 20% slowed their timelines and 17% now want a fewer pricey household.
SEATTLE – Three-quarters of homebuyers who prepare to invest in a household within the next twelve months say the coronavirus pandemic has impacted their homebuying plans: 25% reported it prompted them to shift or pace up their timeline, 20% reported it prompted them to delay shifting plans and 17% are now hunting for a fewer pricey household. Specially:
- 16% reported the pandemic has prompted them to want to shift
- fifteen% reported it prompted them to shift faster than at first prepared
- six% chose both possibilities
“Somewhat counterintuitively, the coronavirus-pushed economic downturn is propping up the housing sector,” suggests Redfin Main Economist Daryl Fairweather, author of the recent examine. “Homebuyer need is surging even with GDP using a historic nosedive in the 2nd quarter, mainly