Tag: Homebuyers

Posted in Finance

‘Do we still want to move?’ Homebuyers rush back in droves despite pandemic

Dr. Rishi Manchanda toured empty homes in Los Angeles, California. By appointment only. In gloves and masks, and six feet from the real estate agent. But even in a pandemic, Manchanda and his family were still ready to buy a home.

“Nobody knew what was coming and the housing experts we talked to were uncertain about the market,” Manchanda said. “So, it came down to a simple question: ‘Do we still want to move?’”

Read more: Coronavirus: Here’s what to do if you can’t pay your mortgage

For Manchanda and many other buyers, the answer remains yes. He’s part of the wave of homebuyers who are flooding the market after the coronavirus and state lockdowns halted the economy in April, interrupting the busiest home-buying season of the year.

Now they’re back — in spite of outbreaks and an unsteady economy — and they face old and new foes: a persistent

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