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Coronavirus has open houses closing while home buying demand starts to rebound

April 28, 2020 by John Has Leave a Comment

Orange County Real Estate

The Southern California housing market is reeling from the effects of the Coronavirus. Some sellers are pulling their homes off the market and others canceling open houses to protect themselves from infected shoppers. On the other hand, home buyers continue to show interest because of record low mortgage rates. Virtual home tours and online marketing campaigns are now replacing in-person showings and may be the standard for the foreseeable future.

Now that social distancing restrictions are being relaxed even a little I am seeing demand coming strong. We may pull out a good rest of the year yet here in Orange County!

If you’re looking to Buy OC or Sell OC give me a call: (949) 395-5500

Source:
https://www.ocregister.com/2020/03/15/will-coronavirus-kill-local-open-houses-and-home-sales/

Filed Under: Orange County Real Estate

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Bryan@BuyOC.com
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