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Both of those were true pre-COVID and houses prices were not going up nearly as fast as they are now. People staying in their houses makes them actually pay att
by OldTimeCoffee 5y ago
Both of those were true pre-COVID and houses prices were not going up nearly as fast as they are now. People staying in their houses makes them actually pay attention to where they're living. Some end up wanting to renovate and some people just want to move.
It's a high demand low supply time so prices increase and interest rates don't have much to do with that.
- ghaff 5y agoYeah, it's hard not to see it as a COVID-related effect, at least in part. Anecdotally, I know a lot of people renovating and moving, often from an urban apartment to somewhere suburban or rural/small town. One factor is probably that this sort of migration is always going on as people get older and the pandemic has probably pushed up a lot of timetables.