The Coronavirus and The Housing Market

Real Estate

It seems all we hear on the news and social media these days is about the Coronavirus, COVID-19, pandemic or whatever you want to call it, it has taken a toll on our economy. 

The housing market is in flux, and for real estate agents, it has taken a toll on our business.  We are not able to hold open houses, we are also limited on conducting private showings, and potential sellers are now hesitant about putting their homes on the market. Prior to the COVID-19, the economy was looking strong, and homes sales increased in the month of February.  We were looking for a promising 2020 until it all came crumbling down. Attached is an article about what the future might hold.  Click on the link below to read about the future of our economy.

https://rismedia.com/2020/03/22/pandemic-existing-home-sales/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews

I do not want to bring doom and gloom, because there is always hope.  We have come through tough times before, and we will get through this. The positive in all of this, is that interest rates are at an all time low, so a good time to refinance or buy a home.  For home buyers, the lower interest rates and less competition is a great opportunity to buy.  There is so much that can be done on-line to keep social distancing to a minimum.

I am available to answer any questions about real estate - visit my website at: www.comehometosanjose.com