Housing market picks up as coronavirus restrictions ease

Lenders say the home buying business is starting to pick up as coronavirus restrictions ease in Georgia.

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MACON, Georgia (41NBC/WMGT) – Lenders in the home buying market say business is starting to pick up as coronavirus restrictions ease in Georgia. Tara Purvis with Angel Oak Home Loans says this time of the year – spring into summer – is the best time to buy a home.

Purvis says the coronavirus pandemic slowed the buying season, but business is returning because of low interest rates.  She says even if you are still nervous to buy a home during the pandemic, now is a good time to start saving to buy later.

‘It’s never too early to start saving money,” said Purvis. “Many times people think you have to have 20 percent down. Some of our programs don’t have a down payment. But it’s always important to start saving. Because even if you don’t have to have a down payment, any time you have reserves it strengthens the quality of the file.”

Purvis says with the extra savings it is easier to get approved for a home loan. And she says once approved, it’s important to keep everything the same. That means avoid getting a new job or making any large purchases like a new car during the buying process.

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Shelby Coates anchors 41NBC News at 5, 5:30, 6 and 11. She returns to 41NBC after working in Evansville, Indiana as the Morning/Noon Anchor and Executive Producer for WEVV. Shelby also spent time in Spartanburg, South Carolina, where she spent three years anchoring and producing the weekend morning newscasts at WSPA-TV. She also worked as a general assignment reporter, receiving several honors for her investigative and consumer reporting. Shelby has spent time working as a news anchor/reporter in Chattanooga, Tennessee; Macon, Georgia; and Abilene, Texas. Shelby is a native of Clarksville, Tennessee. She graduated from Abilene Christian University in Texas with a bachelor’s degree in Broadcast Journalism and Mass Communication and a minor in sociology. Shelby has a passion for empowering local communities, church ministry, public speaking, strengthening women and mentoring young people.