COVID-19 continues to stir the home real estate market and upset the plans of homeowners.
Despite the uncertainty in the overall economy, though, demand for homes is remarkably strong.
"Somewhat counterintuitively, the coronavirus-driven recession is propping up the housing market," said Daryl Fairweather, chief economist for real estate brokerage company Redfin. "Homebuyer demand is surging despite GDP taking a historic nosedive in the second quarter, largely because Americans value the home more than ever and are willing to prioritize housing even as they cut back on other expenses."
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