Skip to main content

Study Finds COVID Isn't Deterring Buyers

Sep 28, 2021
Photo of a new house.
Director of Events

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.

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Sep 28, 2021
Agent Fees Back Up To ‘Normal’

Despite legal shakeups, agent commissions rebound to pre-settlement levels — now averaging 5.44% nationwide

Jun 19, 2025
19,000 ‘Lost’ Due To Fewer Workers

Adding to affordability problem, skilled labor shortage driving up costs, timelines of building new houses

Jun 19, 2025
Mortgage Applications Slip Despite Lower Rates

Purchase, refinance activity dropped, but remain well above last year’s levels, MBA reports

Jun 18, 2025
Buyers Catch A Break As Inventory Climbs And Competition Fades

Sales rose 3.5% in May as inventory hit a post-2020 high of 1.3 million listings, with sellers cutting prices on a record 26% of homes

Jun 16, 2025
Even Outright Owners Feel The Pinch

From 2020 to 2023, monthly housing costs jumped 29% for outright owners and 16% for mortgage holders, as taxes, insurance, and utilities stretch budgets across the board

Jun 16, 2025
Shopping Mortgage Rates Can Save Borrowers $80K

Why it pays for LOs to be competitive out of the gate in today’s rate-sensitive market

Jun 12, 2025