As the nation braces for a recession as a result of COVID-19, the real estate market is in limbo. During times of economic uncertainty, huge swaths of potential buyers will choose to delay purchasing plans until there is more financial stability. However some buyers will look at this time as a buying opportunity or impetus for a life change.

Property owners and tenants who have been affected by the crisis have been given a lifeline by the government. In late March congress passed the $2.2 Trillion CARES Act, the largest economic stimulus package in U.S. history in response to the virus outbreak. Housing is among the areas receiving financial support.