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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
20 Corona Court Palm Coast FL 32137
New Listing - an hour on site
1 / 82
$949,900
4
BEDS
3
TOTAL BATHS
2,654
SQFT
20 Corona Court Palm Coast, FL 32137
Single Family Residence For Sale
- Active

PANORAMIC WATER FRONTAGE (180 Ft) on 3-sided Tip Lot of Intersecting Saltwater Canals! 30x15 Solar Heated Pool with Waterfall. 4 Bedrooms * 2 1/2 Bathrooms * 2,654 Sq Ft under air. (3,412 Sq Ft in total) Large 13,652 Sq Ft Lot on a Private Cul de Sac

Listing courtesy of Joni Short of Realty Exchange, LLC.
3315 S Atlantic Avenue 408 Daytona Beach Shores FL 32118
New Listing - an hour on site
1 / 60
$649,000
3
BEDS
3
TOTAL BATHS
2,072
SQFT
3315 S Atlantic Avenue 408 Daytona Beach Shores, FL 32118
Condominium For Sale
- Active

COME HOME TO THIS ELEGANT, MODERN TAKE ON RELAXES BEACHFRONT LIVING IN THS SE CORNER OCEANFRONT PLAN WITH PANORAMIC OCEANFRONT VIEWS THAT ENCOMPASS THE GREAT ROOM. EXQUISITE CONDOMINIUM HOME OVERLOOKING THE ATLANTIC OCEAN WITH AN ABUNDANCE OF NATURAL

Listing courtesy of Sandra Cook of Realty Pros Assured
351 Sagewood Drive Port Orange FL 32127
New Listing - 2 hours on site
1 / 53
$539,900
4
BEDS
3
TOTAL BATHS
2,649
SQFT
351 Sagewood Drive Port Orange, FL 32127
Single Family Residence For Sale
- Active

Welcome to your dream pool home in the heart of Port Orange! This exquisite family home embodies modern farmhouse charm, showcasing a perfect blend of style and functionality. Boasting 4 generously sized bedrooms and 2.5 baths, this move-in ready hav

Listing courtesy of Bill Navarra of Realty Pros Assured

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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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