The Lead: U.S. Real Estate and Coronavirus


We know the financial markets are hurting from the coronavirus pandemic but what about the housing markets? January and February had very strong numbers in home sales where demand outpaced supply. That still seems to be the case and low interest rates are motivating buyers even more.

Bidding wars are breaking out all over the country. Remember our story from Friday about Boston? Buyers there are waving inspections just to get a leg up on the competition.

The National Association of Realtors reported that pending home sales were at the second-highest level in the last two years. This could be because people wanted to wait on locking in their rates until they knew they had hit rock bottom. No one can really predict that but we can predict that buyers could opt to tour open houses virtually for a while.

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp
Share on vk
Share on email
Share on reddit

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Scroll to Top