COVID-19 Housing Market Update: How coronavirus will impact the housing market

Whether you own a home, you’re looking to buy a home, or you have income tied up in the real estate markets, the COVID-19 crisis has created huge shockwaves and a lot of uncertainty and fear throughout the industry. Many are at a standstill; wondering whether Coronavirus could cause a housing collapse as we saw during the financial crisis of 2008.

While more Americans will certainly be more cautious about buying or selling homes, historically low inventory, continued demand from the millennial generation, and rock-bottom mortgage rates could also set the stage for a significant rebound in some markets. With so many unknowns due to this unprecedented COVID-19 crisis, Nuvision Credit Union has been bringing in the top, local economic experts to help our members navigate through these difficult times.

Listen in as Roger Ballard, CEO of Nuvision Credit Union, and Steven Thomas, the founder of Reports on Housing  talk about the effects of the COVID-19 Crisis on the housing market and what decisions you can make to limit its financial impact and possibly even come out ahead.