"While the health and economic impact has been significant, the U.S. housing market has remained surprisingly resilient, and consumers continue to view home ownership as the foundation of the American Dream. Home buyers remain steadfast in the main attributes they seek--three bedrooms, two bathrooms and a garage. However, the quarantine has made people rethink where and why they want a new home," says realtor.com® Senior Economist George Ratiu.
The market is largely buyer-driven - if there is a demand, properties will sell. If no one wants to buy, the market will be slow. So let's see what current buyers are thinking and doing right now.