Home Sales: Low Rates, Virus Tug at Housing Market

What a week. While the Coronavirus and its effect on Wall Street, the economy and of course, our health and safety has dominated our conversations, I’m going to focus on how it could affect the U.S. housing market. As we know, home sales were headed for a hot spring season because of low mortgage rates and a strong economy. And then the coronavirus came along. It has brought mortgage rates even lower, but it’s also causing an economic disruption like we haven’t seen before. Will it be a minor blip on the charts? Or… is this the black swan event that could usher in that recession so many people have been fearing?   www.NewsForInvestors.com