March 11, 2020
The California Association of REALTORS® (CAR) is not revising their 2020 housing market forecast, but they are closely monitoring the impact COVID-19 is having on the demand for housing as well as the supply chain that could adversely affect the cost of new home construction in the coming months and quarters.
The California Association of REALTORS® (CAR) is not revising their 2020 housing market forecast, but they are closely monitoring the impact COVID-19 is having on the demand for housing as well as the supply chain that could adversely affect the cost of new home construction in the coming months and quarters.
CAR just published a list of the Top 10 potential impacts that could elicit questions from buyers and sellers over the near term. Topics include mortgage rates, luxury home buyers, and timing of a rebound. We recommend taking a look: https://www.car.org/en/knowledge/pubs/newsletters/Newsline/Coronavirus?fbclid=IwAR0pxtVKxupD4kqhJ8d-YDmGTiinwT8Mg4tzK7QyeqahmK9Ws-g22YjfTTo
