Financial markets in the U.S. are struggling to find solid footing amid the global pandemic. Tuesday's big sell-off in the stock market lead to a rally on the 10-year Treasury on Wednesday as the roller coaster pattern continues.

March's home sales report for previously owned homes from the National Association of Realtors showed that home sales saw the largest monthly drop since November 2015.

A survey by Realtor.com found that a quarter of consumers would purchase a home without seeing it in person. In today's housing market with mortgage rates still at near all-time lows and self-isolation measures in place, virtual touring a property has become more popular than ever.

Previously owned single-family homes in California saw a significant drop month over month in March signifying the affects of Covid-19. Sales were also down on a year-over-year basis as well.

Home Builders expectations of current single-family home sales and their expectations for those sales over the next six months reached a record low not seen in over 30 years. Meanwhile Retail sales saw the biggest decline since the government started tracking the series in 1992.

The stick market bit on the news that the federal government would begin talks about how to get the U.S. economy back up and running.

Many housing analysts are not in agreement on how home prices will react as we come out of the pandemic.

Workers seeking unemployment benefits hit 6.6 million last week bringing the total number to 17 million since news of the covid 19 pandemic broke. Meanwhile consumer sentiment reached a record low.

As the Covid 19 pandemic continues to hinder the real estate market, online real estate brokerage Redfin announced it would furlough 41% of its agents and reduce its staff by 7%.

The Covid-19 and "Stay at Home" measures implemented have caused a significant pull-back in real estate market as listings, showings and sales have all seen traffic decrease substantially.