• Ready to Buy a Home?
  • Ready to Sell Your Home?
  • About Me
  • Resources
  • Contact Info
  • 11 Years of Data Lost!
  • Trademark Construction

Steve Slavin - iMuncie.com

Muncie Real Estate

Steve Slavin (765) 289-2228 [Office]
(317) 701-5006 [Cell]
- Feel free to text me too for quick info -

Impact of the Coronavirus on the U.S. Housing Market

March 21, 2020 by STSlavin Leave a Comment

The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s also acknowledge the true impact it continues to have on lives and families around the world.

With all this uncertainty, how do you make powerful and confident decisions in regard to your real estate plans?

The National Association of Realtors (NAR) anticipates:

“At the very least, the coronavirus could cause some people to put home sales on hold.”

While this is an understandable approach, it is important to balance that with how it may end up costing you in the long run. If you’re considering buying or selling a home, it is key to educate yourself so that you can take thoughtful and intentional next steps for your future.

For example, when there’s fear in the world, we see lower mortgage interest rates as investors flee stocks for the safety of U.S. bonds. This connection should be considered when making real estate decisions.

According to the National Association of Home Builders (NAHB):

“The Fed’s action was expected but perhaps not to this degree and timing. And the policy change was consistent with recent declines for interest rates in the bond market. These declines should push mortgage interest rates closer to a low 3% average for the 30-year fixed rate mortgage.”

This is exactly what we’re experiencing right now as mortgage interest rates hover at the lowest levels in the history of the housing market.

Bottom Line

The full impact of the Coronavirus is still not yet known. It is in times like these that working with an informed and educated real estate professional can make all the difference in the world.  I’m here to help! — Steve

Filed Under: FinancingNews, MarketUpdate

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search For Local Homes

Steve Is A Lifelong Muncie Resident and was the #1 Producing Agent in East Central Indiana in 2013-2019. Best In Class Marketing, Negotiation, and buyer/seller presentation... Steve works late and drinks a lot of coffee! :) Feel to free to text me if that's easier.

Stay Up To Date

Sign up to receive free updates from Agent Focused.

Contact Steve

  • 400 H. High St, Suite 110
    Muncie, IN 47305
  • (765) 289-2228 [Office]
  • (317) 701-5006 [Cell]
  • steveslavin@coldwellhomes.com
- Feel free to text me too for quick info -

Specialty Markets

Steve specializes in the surrounding 5 county areas which include the Muncie, Yorktown, Daleville, Albany, New Castle communities… and many areas in-between and beyond. I’d be happy to help!

Coldwell Banker Real Estate Group

As the premiere Muncie, Indiana real estate company, Coldwell Banker Real Estate Group’s extensive marketing area covers much of central Indiana including Delaware, Randolph, Henry, Blackford and surrounding counties. Whether you’re looking for homes for sale in Muncie or searching for the ideal place to locate your business, let Coldwell Banker’s team of professionals assist you with all of your real estate needs.

Copyright © Steve Slavin
© 2014 Coldwell Banker Real Estate Corporation. Coldwell Banker® is a licensed trademark of Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned and Operated. Privacy Policy and Terms and Conditions of Use. Coldwell Banker The Real Estate Group is a real estate brokerage licensed in the state of Indiana.