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Study Finds COVID Isn't Deterring Buyers

Navi Persaud
Sep 28, 2021
Photo of a new house.

More than 50% of respondents in a survey from real estate platform OJO Labs, expressed positive sentiments in the current housing market.

The COVID pandemic is causing widespread economic uncertainty, however, it isn't proving to be much of a deterrent to homebuyers, who are still expressing positive sentiments when it comes to the current housing market. 

Even with home prices steadily increasing and inventory constraints rocking a number of popular markets across the nation, buyers are optimistic about their ability to purchase a home in the next three months, according to Patrick Kearns, director of storytelling at OJO Labs. 

According to OJO Labs' survey of prospective homebuyers, consumer confidence in homebuying scored a +22.9 on a scale from -100 to 100 with 0 being a neutral sentiment on homebuying conditions in the next three months. 

“Of the group surveyed, 32% of respondents agreed that the next three months would be a good time to buy a home, while 20.6% strongly agreed that it would be a good time to buy a home,” according to the survey. “Overall, over 52% of respondents expressed a positive sentiment.”

Additionally, Kearns reported that 17.8% of respondents neither agreed nor disagreed with the statement that the next three months would be a good time to buy a home, while the other 29.6% expressed a negative sentiment about buying conditions over the next three months.

Another 21.3% strongly disagreed that the next three months would be a good time to buy a home, while 8.25% just disagreed with the statement.

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