Home buying during the COVID-19 outbreak
Last updated 9/4/2020 at 9:18am
FALLBROOK – Homeowners know that the process of buying a home can be both exciting and nerve-wracking. The anxiety associated with buying a home has hit new heights during the coronavirus pandemic.
Historically low interest rates and limited inventory has made 2020 an especially unique time to buy a home. It’s also a competitive and potentially expensive time to buy a home. While the economic consequences of COVID-19 have been severe, the Federal National Mortgage Association, also known as Fannie Mae, forecasted a significant increase in median home prices in March 2020. City dweller...