THE ECONOMIC IMPACT OF CORONAVIRUS (COVID-19) ON THE REAL ESTATE MARKET BY LEADING RE’S CHIEF ECONOMIST DR. MARCI ROSSELL

Dated: March 13 2020

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The most common questions that everybody ask her/ his Realtor is; "How is the Real Estate Market?" particularly at this critical moments that people are scared of sharp decline on Stock Market and Oil Price due to the impact of Coronavirus, the first thing that comes to the mind  of home buyers is "how likely the Real Estate Market faces another crash". Despite of not having Crystal Ball to forecast the future of the Real Estate market, there are few facts available to assure us that the fear of Coronavirus will pass soon with least impact on real estate market. While; interest rates are at historic lows, "with the possibility that rates will dip lower", as well as buyer with this low mortgage rate can lock their mortgage with the rate that I think we never see it again. multiple offers due to the low inventory is what we are still experiencing in most real estate markets, and sellers sitting in diver seat as a result of “Seller’s Market.” 

At the same time, anyone buying a home with a mortgage right now can lock in at rates that many thought we would never see.  To learn more, Please review this short video vimeo.com/397305044. Dr. Marci Rossell, "Leading RE Chief Economist " was kind enough to share her video about The Economic Impact of Coronavirus (COVID-19) on The Real Estate Market

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Farzam Jalili

After actively being in the real estate industry for more than 16 years and running my boutique Real Estate Brokerage in Toronto, Canada. I moved to Burbank, CA. to be closer to family especially my l....

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