How will coronavirus impact US economy?
Former Obama Economic Council chair Austan Goolsbee discusses the impact coronavirus will have on the U.S. economy.
Real estate experts are expecting a competitive market in light of likely-dropping mortgage interest rates, but the COVID-19 coronavirus could still hurt home sales.
Continue Reading Below
Redfin has “seen a significant drop in demand from homebuyers and sellers” during the past three days in Seattle, Glenn Kelman, CEO of the tech-focused real estate brokerage, wrote in a blog post Wednesday. Three homeowners even canceled their listings, apparently concerned about having strangers enter their homes. At least one buyer backed out of an offer.