Shopping Online: Homebuyers on the Rise
Many potential homebuyers halted their shopping in the wake of COVID-19, however, it seems as though buyers are making their way back.
LendingTree’s newly found research helps show a possible surge in home purchases. Their findings analyzed Google search data to understand how popular the term “homes for sale” was in 50 of the nation’s largest metros.
Searches in these areas have risen, compared to their 2020 lows at the beginning of the coronavirus outbreak in the U.S. The end of April showed that these property searches have rebounded by 54%.
Combined with historically low interest rates, homebuyers see a potential for a great deal – inventory still, however, being a hindrance when it comes to the real estate market.
Check out LendingTree’s infographic, here:
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