COVID-19 is a serious concern for older people and generally those looking at retirement are in that "older" category. How does COVID effect soon to be retired people? Can you still move? Can you still buy a house?
Well the move part depends on your local state, but in Washington real estate is alive and well. There are so protocols we utilize when showing properties, but sales are quite brisk. in fact the real estate market is holding the economy together right now.
Our market here in SW Washington is seeing pressure on housing from multiple fronts. Low interest rates are driving millennials to the market. Geo-Political and taxation issues are drive Oregonians, particularly from Portland to the area. And the mass exodus in California is also driving buyers our way.
Washington enjoys a robust and high quality healthcare industry as well as a variety of quality living communities for the retired set. COVID-19 hasn't made this area any less desirable for retirees, in fact it may be even more so with quality heath care, no income tax, and somewhat flexible COVID-19 government restrictions.
Washington continues to be a great place to retire and the strong real estate market means retirees can enjoy a rising equity position as more and more people flock to the state.
