Here’s a look at how home values could be impacted by the pandemic.
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Everyone wants to know what kind of effect the pandemic will have on home values. Buyers are hoping they drop, and sellers are hoping they rise. The present situation has been referred to as “uncharted waters” for a reason. Will record unemployment push many buyers out of the market? Will buyers or sellers stay put because of the crisis? The answer lies in the basic economic principle of supply and demand.
