Many homeowners are worried that the COVID-19 pandemic will cause home prices to drop—or to even crash like they did during the 2008 housing crisis.
But according to a recent survey, the majority of real estate professionals feel confident in the housing market and its ability to withstand the pandemic.
According to the March 2020 REALTORS® Confidence Index Survey, 60 percent of real estate professionals expect home prices to remain stable or increase in the next 12 months.
So, what does this mean for you? If you’re worried we’re headed towards another housing crisis, you can breathe a little easier knowing most professionals agree that when we come out on the other side of this pandemic, home values will remain steady—or potentially even move higher than where they are today.