SAN JOSE (KPIX 5) – The Bay Area’s hot housing market is showing no signs of slowing down even in the middle of a global pandemic.
In fact, some believe that COVID-19 helped them when buying their home, including Alexander Cremin.
He bought his condo in Campbell last year, but was initially hesitant to make a large purchase at the beginning of the pandemic, especially when there were a lot of unknowns.
“I thought everything was going to fall apart once the pandemic hit and maybe it’d be cheaper,” Cremin said.
When he saw how low interest rates had dipped for home loans during the pandemic, he said he decided to pull the trigger.
“Yeah, actually I was able to get a little more home than I originally planned,” he told KPIX 5. “I’m very happy. Everything was kind of in my favor. So I just went ahead and found a great place.”
Fuxi Cai also took advantage of the low interest rates, and bought a townhouse in Sunnyvale this summer.