Rebecca Bush started her home search in January of 2020.
“I thought maybe I’ll find the perfect house in the next couple of months, and then it will line up with when my lease ends,” the 27-year-old says. “Obviously we all know what happened in March.”
Coronavirus. The housing market plunged into chaos as a result of the pandemic. Home values increased nearly 20% across the U.S. between September 2020 and September 2021, according to Real Estate Witch. People were in a home-buying frenzy despite the soaring costs. It didn’t leave a lot of houses on the market, and low supply of homes continues to be an issue in 2023 despite prices slowly cooling off.
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