home selling: How COVID-19 is Impacting Real Estate: Part 1
- 05/17/20 10:28 AM
In the spring of 2020, the traditional indicators for real estate trends hit radical levels, with interest rates for mortgages reaching an all-time low, while simultaneously the unemployment rate soared to over 14%. These traditional markers of real estate trends have been upended by new policy resulting in thirty-four US states and territories having some variation of a stay at home order in place by the end of March 2020 in an effort to halt the spread of COVID 19. These unprecedented measures create both short and long-term impacts to the real estate industry, yet exactly what that impact is, is … (2 comments)
In the spring of 2020, the traditional indicators for real estate trends hit radical levels, with interest rates for mortgages reaching an all-time low, while simultaneously the unemployment rate soared to over 14%. These traditional markers of real estate trends have been upended by new policy resulting in thirty-four US states and territories having some variation of a stay at home order in place by the end of March 2020 in an effort to halt the spread of COVID 19. 
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