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Impact of coronavirus on California's housing market

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The rapid growth of COVID-19 (“Coronavirus”) cases continues to create turbulence in the global economy and in domestic financial markets. However, C.A.R. is not revising its current 2020 housing market forecast, but will continue to monitor the market for negative macroeconomic impacts on the demand for housing as well as the supply chain impacts that could adversely affect the cost of new home construction in the coming months and quarters.

C.A.R. has developed a list of the Top 10 potential impacts that could elicit questions from buyers and sellers over the near term.

Listen to C.A.R.’s Housing Matters Podcast on the potential impacts.

Watch a C.A.R. Facebook video on the impact of the coronavirus on foreign sales transactions.

Read NAR’s Guide for REALTORS® in dealing with the issue.


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