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Buy Or Sell With James Jestes and eXp Realty

386 315 4744
James@JamesJestes.com

Serving The Greater Daytona Beach Area

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Impact of the Coronavirus on the U.S. Housing Market

Impact of the Coronavirus on the U.S. Housing Market | Simplifying The Market

The Coronavirus (COVID-19) has caused massive global uncertainty, including a U.S. stock market correction no one could have seen coming. While much of the news has been about the effect on various markets, let’s also acknowledge the true impact it continues to have on lives and families around the world.

With all this uncertainty, how do you make powerful and confident decisions in regard to your real estate plans?

The National Association of Realtors (NAR) anticipates:

“At the very least, the coronavirus could cause some people to put home sales on hold.”

While this is an understandable approach, it is important to balance that with how it may end up costing you in the long run. If you’re considering buying or selling a home, it is key to educate yourself so that you can take thoughtful and intentional next steps for your future.

For example, when there’s fear in the world, we see lower mortgage interest rates as investors flee stocks for the safety of U.S. bonds. This connection should be considered when making real estate decisions.

According to the National Association of Home Builders (NAHB):

“The Fed’s action was expected but perhaps not to this degree and timing. And the policy change was consistent with recent declines for interest rates in the bond market. These declines should push mortgage interest rates closer to a low 3% average for the 30-year fixed rate mortgage.”

This is exactly what we’re experiencing right now as mortgage interest rates hover at the lowest levels in the history of the housing market.

Bottom Line

The full impact of the Coronavirus is still not yet known. It is in times like these that working with an informed and educated real estate professional can make all the difference in the world.


GIVE ME A CALL AND LETS TALK ABOUT YOUR REAL ESTATE NEEDS – JAMES JESTES 386-315-4744

Most Recent MLS Listings Today

580 Rio Vista Avenue Daytona Beach FL 32114
Featured
1 / 69
$799,000
3
BEDS
2
TOTAL BATHS
1,841
SQFT
580 Rio Vista Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Embrace the ultimate waterfront lifestyle in this stunning riverfront retreat, offering breathtaking views, deep-water access, and a private dock with a brand-new boat lift. This 3-bed, 2-bath, 1,841 sq. ft. home sits on 100 ft of deep water frontage

Listing courtesy of James Jestes of EXP Realty LLC
5935 Shady Creek Lane Port Orange FL 32128
New Listing - 10 minutes on site
1 / 44
$475,000
3
BEDS
2
TOTAL BATHS
2,048
SQFT
5935 Shady Creek Lane Port Orange, FL 32128
Single Family Residence For Sale
- Active

Welcome to Sawgrass Point in Port Orange! This 3 bedroom, 2 bathroom home backs up to a peaceful wooded conservation area, offering both privacy and serene views. Inside, you'll find a desirable split floor plan, a spacious bonus room, high ceilings,

Listing courtesy of Mike Gagliardi of RE/MAX Signature
470 N Halifax Drive Ormond Beach FL 32176
Open House Sat, Jun 7, 12 PM
1 / 40
$449,000
3
BEDS
3
TOTAL BATHS
1,650
SQFT
470 N Halifax Drive Ormond Beach, FL 32176
Single Family Residence For Sale
- Active

Beachside beauty in a prime location—Minutes from the ocean, the river, and everything Ormond Beach has to offer!! This beautiful 3 bed, 2.5 bath stunner has it all: NEW roof (2024), HVAC (2022), Fully repiped with copper plumbing, ALL NEW ductwork,

Listing courtesy of Melody L Lopez of Aloha Realty of Florida LLC
417 S Palmetto Avenue Daytona Beach FL 32114
Open House Sat, Jun 7, 11 AM
1 / 63
$715,000
4
BEDS
3
TOTAL BATHS
3,143
SQFT
417 S Palmetto Avenue Daytona Beach, FL 32114
Single Family Residence For Sale
- Active

Absolutely stunning 4BR/4BA custom-built coastal home offering breathtaking views of the marina and river! Built in 2019 with no expense spared, this exceptional property features a full mother-in-law suite with its own private entrance, full kitchen

Listing courtesy of Amy Hall of RE/MAX Signature

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SEARCH ALL HOMES IN THE GREATER DAYTONA BEACH AREA HERE

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Related posts:

  1. How the Housing Market Benefits with Uncertainty in the World
  2. Experts Predict a Strong Housing Market for the Rest of 2019
  3. A Lack of Inventory Continues to Impact the Housing Market
  4. Housing Inventory Vanishing: What Is the Impact on You?

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James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

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BUY AND SELL REAL ESTATE WITH JAMES JESTES

James Jestes Broker Associate SRN Real Estate Pros

James Jestes


Broker Associate | eXp Realty
386-315-4744
James@JamesJestes.com
I'm Available Daily:
8:00AM to 8:00PM

Call, Text or E-mail!

"As an Associate Broker with eXp Realty, I am dedicated to helping families and individuals accomplish their real estate goals by providing dedicated service when buying or selling a home. I have served my country in the U.S. Army and the U.S. Marines; I bring that same sense of service and selflessness to every one of my customers."

FEATURED LISTINGS

No Results Found.

SEARCH ALL OF THE GREATER DAYTONA BEACH AREA

Price

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Today’s Real Estate Information

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James Jestes, Your new favorite Realtor.

Hello my name is James Jestes and I am a Broker Associate with eXp Realty.  I am dedicated to helping you find your perfect new home. I’m a no hassle, no pressure agent here to help you accomplish your real estate goals. Please reach out to me and let me know how I can help you purchase or sell your home.

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James Jestes
eXp Realty
386-315-4744
James@JamesJestes.com

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