As a result of shelter-in-place orders across the country, more people are antsy and looking to buy a home this summer. In fact, a new survey says that 53% of homebuyers are more likely to buy a home in the next year because of the COVID-19 pandemic.
However, 27% said their timeline hasn’t changed, and 20% said they are less likely to buy a home in the next year.
The main reason these potential homebuyers say they would be willing to move is to take advantage of the record-low mortgage rates. A whopping 67% said this is their reason.