MyFolsom Home Search

Search Homes for Sale in Folsom and the surrounding area

Sorry we are experiencing system issues. Please try again.

Blog Archives

Weather Forecast

0° C

Coronavirus’ Impact on the Housing Market

Posted on: April 9, 2020

housing up and down

I’ve plopped down in front of the computer every day over the past 2 weeks, in an attempt to answer the question, ‘how has the coronavirus affected the housing market?’

Each time I start, each time I fact-check, things seem change.

I guess those changes are going to keep coming, so let’s deal with what we know today. This is about the Sacramento market in general, but my guess is this is happening throughout most of the country.

So, is the market up or down, you ask? The short answer is ‘yes is is’.

Here are some facts and observations for you to consider, while you sit there in your Spider Man pajamas:

  • There have been mixed signals from the government. As we were all advised to stay home, except for certain ‘essential’ tasks and functions. The Department of Homeland Security issued a memorandum on March 16 that started with, “The Cybersecurity and Infrastructure Security Agency (CISA) executes the Secretary of Homeland Security’s authorities to secure critical infrastructure. Consistent with these authorities, CISA has developed, in collaboration with other federal agencies, State and local governments, and the private sector, an “Essential Critical Infrastructure Workforce” advisory list. This list is intended to help State, local,tribal and territorial officials as they work to protect their communities, while ensuring continuity of functions critical to public health and safety, as well as economic and national security
  • The state of California issued a ‘stay home’ order on March 19
  • “Residential and commercial real estate services” was not on the list.

(more…)

Filed under: Folsom, Real Estate