Is It a Good Time to Invest in Real Estate This 2020?
How did the Coronavirus affect the home prices this 2020 or beyond? if it did slow the growth of home prices does this mean it's a good time to invest in real estate?
If there are many houses on the market and not many buyers, prices go down. If there are few houses with many buyers, prices go up. If you are thinking about buying, keep an eye on the market and wait a bit longer for cheaper deals.
As with all things real estate, everything varies market to market... that said...
Home prices and demand for buying SFHs has pretty much only soared upward in most markets so far. Apartment/condo city dwelling isn't exactly as cool these days (pandemic/civil unrest/falling big city budgets) AND mortgage rates are super low. Plus, homebuilding activity has been very low the past ten years, so there was a significant undersupply in many markets before this all started.
If you want to go bargain shopping, look at condos and coops in big cities like NYC, there will be fire sales there. If you think cities can turn around, could be a great play.
Thanks a lot for the info, I guess I have to think this through
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