The coronavirus pandemic has had profound impacts on the housing market. House flipping and residential real estate investing have risen drastically, with real estate analytics firm CoreLogic reporting that investors bought a record high 28 percent of all single-family homes in the first quarter of 2022.
With the rise of remote work, the type of homes we want to buy has changed with buyers consistently wanting bigger homes in lower-cost areas like Texas.
The initial lull in home sales at the very start of the pandemic quickly turned into a white hot sellers market with buyers offering over asking price and even waiving home inspections.