General Discussion
In reply to the discussion: Houses are selling like hot cakes! That's what my son just told me. he had his house on the [View all]qazplm135
(7,654 posts)but I'd like to get back to work after my military retirement in January. I'm waiting for COVID to settle down and go into teaching next Fall or if an attorney job I like pops up before then I'll take that.
I have the money saved up to put down a six digit deposit, and my retirement pay is pretty decent, so I could buy a house at any time once my lease is up next Summer for my apartment.
Those that can afford a house before COVID are probably doing well enough during COVID to still be able to afford a house in many cases. It's the folks who were scrimping and saving up who, per usual, most affected negatively.
Also, you may have people selling vice falling behind on the mortgage and using that money to downsize or whatnot, which lowers costs and motivates buyers.