Covid 19 and the Real Estate Market

Dated: May 7 2020

Views: 60

Covid 19 and the Real Estate Market

Sold Home

Over the past few months, with life being somewhat put on hold or at least changed from the “normal” pace we have come to know, I believe we have all realized the value of our home. A safe and secure place for our families to live, learn and socialize together. It is no surprise the rate of homeownership increased to 65.3% for the first quarter of 2020. The highest it has been in eight years. 

What does this mean for you? If you are considering selling your home, the numbers show buyers are still buying and inventory is needed. One of my most recent listings not only received multiple offers but was under contract within six days of hitting the market. Buyers are looking to take advantage of current interest rates. 

If the thought of buying has crossed your mind and you are not quite sure if you qualify or know where to begin, please contact me. I work with a great team and together we can make a plan that will get you closer to achieving your dream. I look forward to hearing from you.

#heretohelp #KellyRickardRealtor #dreambig #lovewhereyoulive #AbbyRealty

Blog author image


I am a native Texan and real estate agent for Abby Realty in Spring, TX. I was born and raised in the Houston area; therefore, I know the city and surrounding areas well. Whether you are buying, sell....

Latest Blog Posts

Options for First-Time Homebuyers [INFOGRAPHIC]

Options for First-Time Homebuyers [INFOGRAPHIC]Some HighlightsWith a housing market this competitive, sometimes you have to think outside the box.Work with your trusted real estate advisors to

Read More

Are More Young People Are Buying Homes?

More Young People Are Buying HomesThere’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off

Read More

What Does it Mean to be in a Sellers’ Market?

What Does Being in a Sellers’ Market Mean?Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious

Read More

Real Estate: It is Still a Lack of Supply, Not a Lack of Demand

Real Estate: It’s Still a Lack of Supply, Not a Lack of DemandOne of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home

Read More