May 2, 2022
5 Ways COVID-19 Has Impacted Today's Housing Market and How Home Buyers Can Take Advantage of the Changes
COVID-19 has impacted our world and the way we view everything today, specifically the housing market. With rapid changes, an increased number of home buyers, and short supply with high demand, many home buyers find it difficult to enter into Florida's market. The NAR released the average age of a home buyer in 2019 to be 47 (Hardy). Now in 2022, they are finding the median home buying age to be 45 with over a quarter of them being in their early 30’s (Hoffower). With changing statistics reported from the NAR, it can be inferred that home buyers must adapt to the housing market Florida is now presenting.
