This past week, the new coronavirus caused a big drop in financial markets, spurring the Federal Reserve to drop interest rates by half a percentage point and leaving many Redfin customers wondering about the impact an outbreak would have on the economy and the real estate market.
As a behavioral economist, I counsel people to avoid making rash decisions based on fear and uncertainty. Instead, make decisions based on your financial situation.
What’s going on with the housing market right now?
Before the coronavirus concerns started in the United States, the housing market was strong, with our agents reporting
We create holidays and educated-led and wildlife group excursions to over a hundred areas worldwide. It shows that in comparison with the two previous cycles, the current one stays very quick in length and unimpressive in magnitude. To achieve the historical averages, the real property market would need to keep rising for an additional 7 years, and with a lot sharper annual appreciation. Ms. Kotova, and tens of thousands of other Russians who’re required to supply such a document to promote property, haven’t any historical past of mental sickness. The certificates, which must be signed and stamped by a doctor, … 