Three COVID-19 real estate myths: debunked

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“Home prices are dropping, everyone is moving to the suburbs and it’s a bad time to buy or sell a home.” We’ve all heard these myths about today’s housing market, and REALTOR Magazine breaks down why each isn’t true. 

REALTOR Magazine

Some Americans may be under the impression that high unemployment rates and recession are prompting a gloomy housing picture. They’re wrong.

Home buyers may be in for a surprise, and homeowners may be missing out on opportunities if they fall for some common myths going around about the housing market. Consider these two headlines based on housing reports from the National Association of REALTORS® alone: Contract Signings Make a ‘Remarkable’ Move and Existing-Home Sales Surge to Record Pace in June.

Realtor.com® highlights a few common COVID-19-related myths that may need some debunking:

Read the full story here: Debunking 3 Coronavirus Real Estate Myths