The housing market in early 2020 was negatively impacted with the COVID-19 lockdown. Since restrictions have loosened somewhat, we have currently seen a bounce back to a typical spring-like housing market.
During the pandemic, travel has been limited and people have been forced to cancel their vacations. As restrictions further loosen up, there will likely be an upsurge in interest for vacation properties. Many home buyers are searching for a domestic escape. In addition, people’s work arrangements have also been changing. A portion of the workforce is now working comfortably from home. Many employers are also giving their employees the option to work from home permanently, which has prompted home buyers to reassess their living conditions. The idea of having a home as a place to work and to relax has become more of a reality.
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