Gebah Kamara in Real Estate Market During the Pandemic
With the recent pandemic on the rise and still evident, the economy has greatly been affected. Numerous businesses have closed, the unemployment rate has risen, and consumers are more conservative with their purchases. With this turnout, industries and businesses are all trying to get the most out of it. This does not exclude the real estate industry. According to studies, there has been a whopping 140% increase in de-listings. Most of the reasons are due to their safety. In the case of the real estate market and as mentioned earlier, there has been a shift with the confidence of the consumer in terms of purchasing power. Essentials Consumers are now privier in selecting their priorities. Most of them think about safety and what are the most basic needs to be prepared in case the pandemic continues. At this moment, that is commonly thought for everyone. Also at this time, purchasing houses are definitely not on the top of that list. Since house mortgages will seem to add more t