Photo: Luke Sharrett/Bloomberg Photo: Luke Sharrett/Bloomberg Image 1 of / 1 Caption Close Image 1 of 1 Photo: Luke Sharrett/Bloomberg 5 Coronavirus Real Estate Myths Everyone Thinks Are True—Debunked 1 / 1 Back to Gallery Every day, our conversations online and off are filled with “did you hear this yet?” news about the coronavirus pandemic. And, alas, not all of what you hear is true—particularly when it comes to real estate. For instance: Do you assume, as many do, that it’s a terrible time to sell a home since real estate prices are plummeting? On the contrary, the latest data shows that home prices and buyer demand are through the roof. Or have you heard that the coronavirus has forced all city dwellers to flee to the burbs? Some have, but the mass exodus you might envision is by no means the reality. There’s a potential cost to these misguided beliefs: missing out on some profitable opportunities. For instance, home sellers sitting on the sidelines might be passing up the chance to make tons of money on their sale. Meanwhile, home buyers who wrongly assume they can’t schedule home tours right now might be forfeiting their chance to snag their… Read full this story
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