UPDATE ON CORONAVIRUS MARKET IMPACTS | WEEK 8
With the spread of the Coronavirus seemingly slowing down in the past week, the housing market is also offering some glimpses of hope as pending sales remained on the rise and more properties were added to the market. While the impact associate...
UPDATE ON CORONAVIRUS MARKET IMPACTS | WEEK 7
The impacts associated with COIVD-19 are still being tallied and negative reports continue to roll in regarding the depth and breadth of the negative consequences the economy will suffer. It is clear that the difficulties will continue for at l...
HOW WILL CORONAVIRUS CHANGE OUR HOMES ?
We all wonder how COVID-19 will change our lives and habits and whether we will return to our old normal. Confined to our houses, we are also more aware of the space we share and the limitations of our homes, and we reflect on how they could b...
UPDATE ON CORONAVIRUS MARKET IMPACT | WEEK 5
Evidence of the economic consequences of Coronavirus began to roll in in earnest this week. The U.S. economy continues to experience unprecedented increases in joblessness and our first hard evidence on consumer spending, which has accounted fo...
UPDATE ON CORONAVIRUS MARKET IMPACTS | WEEK 4
The Coronavirus has worsened this past week with both new cases and the number of deaths continuing to rise, and some of the economic data is beginning to catch up to the reality that has been playing out over the past few weeks. Critical econo...
UPDATE ON THE CORONA VIRUS MARKET IMPACTS | WEEK 3
This week, the economic data, which is inherently backward-looking in nature, finally began to capture signs of the effects of the Coronavirus. At the same time, President Trump signed into law a $2 trillion stimulus package (the “CARES Act...
UPDATE ON CORONAVIRUS MARKET IMPACTS
The Coronavirus continues to dominate the news, the economic data, and the public consciousness, and this week continued the trend of ongoing uncertainty. It remains to be seen how long it will take the U.S. to get the outbreak under control, b...
What Home Buyers and Sellers Need To Know About COVID-19’s Impact on the Housing Market
Last year, there were fears that a trade war with China or the fallout from Brexit could torpedo the strong U.S. economy. Instead, it was the unforeseen force of COVID-19, caused by a new strain of coronavirus, that has led the president of the...
CORONAVIRUS IMPACTS ON CALIFORNIA’S HOUSING MARKET
The rapid growth of COVID-19 (“Coronavirus”) cases continues to create turbulence in the global economy and in domestic financial markets. However, C.A.R. is not revising its current 2020 housing market forecast, but will continue to monito...