By Tara Mastroeni | Forbes
There’s no denying that the spread of coronavirus has had a profound impact on the real estate industry. In addition, it has left many would-be buyers with tons of questions, including whether or not now is a good time to buy. To try and put some of those questions to rest, I asked real estate agents to share the one thing that they wanted to tell their buyer clients. Here’s what they had to say:
This is not 2008 all over again
“In 2008, we had a completely different scenario. When the market turned, there were tons of forced-sellers because homes were being foreclosed upon left and right. There were also almost no buyers. The banks were trying to survive. They weren’t able to issue new mortgages, so even if people wanted to buy, they couldn’t.