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Disinfectant is flying off shelves. But coronavirus isn’t yet deterring homebuyers.

Disinfectant is flying off shelves. But coronavirus isn’t yet deterring homebuyers.

What may be encouraging buyers to keep searching is a rare opportunity to borrow at historically low interest rates

Face masks and travel-sized bottles of hand sanitizer are becoming common sights in Los Angeles, where county officials declared a public health emergency Wednesday in response to the presence of six new cases of novel coronavirus.

Since then, four more new cases have been confirmed, and grocery stores are struggling to stock provisions like water and disinfecting wipes.

But so far, says Compass real estate agent Sally Forster Jones, any local anxiety about a potential pandemic hasn’t kept home shoppers away from open houses.

“I don’t know what’s going to happen next week,” she says. “But so far we’ve been extremely busy. We’ve had a number of offers—18 offers—on one property.”

 

Source Curbed LA

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