Few homes look their best in the dirty grays of late winter, which is, in part, why homebuying season coincides with the arrival of spring. This year, however, the crocuses that can make a house look that much nicer are showing up alongside the less reassuring news of a virus circling the globe.
The rapid spread of COVID-19—more commonly referred to as coronavirus or novel coronavirus—has officially been declared a pandemic by the World Health Organization. It’s already claimed more than 4,000 lives. Major events and conferences are being postponed or canceled, corporations are telling employees to work from home, and the stock market has dropped more than 15 percent since February 24. The pandemic is really affecting Real Estate Market.