05/13/2020
The words of the iconic investor Warren Buffet rings true as ever in this climate, ".....be fearful when others are greedy and to be greedy only when others are fearful."
"Transactions are still taking place," says Jessica Lautz, NAR's vice president of research. However, "buyers and sellers should expect it's going to be a very different experience than perhaps they dreamed of. ... There very well could be delays throughout that process, and the transaction will be happening more virtually."
As the COVID-19 health crisis continues to ravage the world, along with the global economy, this is how it's affecting the real estate market right now.