Should You Buy a Home During COVID Pandemic? | Freeman Capital

Mortgage Rates Reach Record Lows

Apparently, ultra-low mortgage rates as well as fiscal and monetary support from the Federal Reserve and the government has helped consumers do what they see as the American Dream: Buy a home. Existing Home Sales data is often seen as a barometer for how the economy is doing, so apparently everything is fine.

Despite tens of millions still unemployed, and a global pandemic, people still want to buy homes. July showed a 25% increase in sales over June and hit the highest level since December 2006. Not bad. However, you don’t have to buy a home to be successful financially.

Alternative Route

Many astute investors are opting to rent, and invest instead (see: Elon Musk). Want to know how the trade offs work? Shoot us an email, and if we get enough asking, we may just do some analysis in next week’s piece.

 

Click Get Started” to learn more.

Freeman Capital

Freeman Capital

Share this:

Recent posts

Scroll to Top