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Central Texas housing market is sustaining amid the pandemic

Posted at 6:58 AM, May 11, 2020
and last updated 2020-05-12 09:26:29-04

WACO, TX — Moving during a pandemic may seem unnerving but some are not letting COVID-19 get in the way of their plans.

Including Gayle Jackson, she is planning to move closer to her family in North Carolina. Living in what she's called her dream home for three years, leaving was only a little hard.

"We decided we're not in a hurry and we'll just start the process now and see what happens," Jackson said.

Wondering how the pandemic will affect their sale, Jackson was shocked to see a quick interest.

"It's only been on the market for a little over a week we've already had a few showings," Jackson said.

Moving is always a long process and when things are uncertain in the world it makes many wonder is it even a good idea to move right now? Global Luxury Realtor Amanda Cunningham says the market is actually great for both parties.

"It's still a seller’s market because there's probably a 3 months supply of inventory but the rates are below 4% so buyers are really wanting to lock in on those," Cunningham said.

Surprised to see the housing market sustain, she was prepared for whatever may have been thrown her way.

"Our broker has been on top of it which has been comforting to a lot of the agents and giving us tools to use," Cunningham said.

Although the market has sustained she is seeing secondhand setbacks from COVID-19, as some of her clients lost their jobs.

"So we've had to push back some of those closings until the restaurants open back up and they have a full-time paycheck," Cunningham said.

Cunningham has been helping sell and buy homes for 5 years, one of the top realtors in her company she's always loved finding her clients the perfect home.

"I love just helping families and finding that right one," Cunningham said. "Or getting them the most money that they can get whenever they're selling."

Of course, many have been struggling with rent or moving during the pandemic. The Texas Department of Housing and Community Affairs has created a COVID-19 guide to help those who need assistance. You can find more information here.