Coronavirus Looms Heavy Over the Housing Market

It is pretty apparent that the current situation our country is experiencing with the Coronavirus will affect the housing market. A recent Wall Street Journal article (reposted on Realtor.com) said the lowest mortgage rates on record are colliding with the prospect of an economic downturn and will ultimately set the stage for an unpredictable housing market this spring. Indeed…

“Early indications suggest that rock-bottom borrowing costs may not be enough to lure many home buyers amid the current uncertainty. Economists are tamping down earlier expectations that cheap rates and a strong job market would boost the housing market in 2020 following years of sluggish growth.”