#050: How Has COVID-19 Affected Home Loans?
Life is Life!
English - July 17, 2020 13:00 - 53 minutes - 36.5 MB - ★★★★★ - 6 ratingsEducation Business personal finance financial literacy financial education credit cards debt student loans Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
It's no secret that the coronavirus has prompted many consumers to rethink our homes and their purpose. During the stay-at-home orders, many of us saw our home transform into something far more than just for eating and sleeping: our home become our new office, the gym, the movie theater, church, the playground, and more.
Some forever-renters have since departed their beloved urban apartments in favor of single-family homes with outdoor space for kids and pets to run around. Others are just looking for more space now that we're working, playing, sleeping, and eating within the walls of our homes. Consumers concerned about the value of their homes are putting their homes on the market too, fearful their home values will plummet in the COVID economy.
Despite record unemployment and no end in sight to the stay-at-home orders, homes are selling at record highs throughout the U.S. Some homes are selling so quickly in fact that sellers have increasingly grown nervous they won't find a new home before they're expected to leave their current property.
Joining us on the show is Daniel Lehman, Owner and Team Lead of The Lehman Group. Daniel joins the Talk Wealth To Me crew for a discussion on how to decide whether buying a home right now is a smart money move for your family's finances and more!