Coronavirus Hits Housing Market – 3/12/2020

Monday, March 16th, 2020 azrealtycom

Over the Past Few Days, The Housing Market Took a Hit

Demand held up surprisingly well until the stock-market panic on Thursday, March 12. But with measures to slow the spread of coronavirus expanding to more cities, we expect that this Wednesday’s report will show a big drop in activity. Some buyers will see this as an opportunity to get the home of their dreams at a good price, with historically low mortgage rates. Others will wait until the end of the recession that has almost certainly begun.

Above is digested from Redfin’s article.

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