Given present concerns about the COVID-19 or Corona virus, many Oregon home buyers and home sellers are concerned about how it may affect their next real estate transaction. Related questions include “Will I be able to get a loan?” to “Are buyers still interested in buying?” and “Is the market going to improve, worsen, or stay the same?” Added concerns surround what many formerly took for granted, like the simple act of touring a home, where buyers and sellers now hope to avoid spreading or contracting the virus.
In this currently changing situation, answers to all of these questions are not 100% predictable for the short term, but there is heartening news. Based on past virus outbreaks like SARS, viruses can experience less efficient transmission in warmer weather. This makes sense, since in Oregon, Winter frequently means maintaining closer proximity to others indoors for an extended period of time. As we move through Spring, Oregonians tend to spend more time outdoors where transmission can be reduced. We can also be thankful Corona virus didn’t first accelerate here in late Autumn or early Winter.