Will the CORONAVIRUS outbreak derail the GLOBAL ECONOMY? | REAL ESTATE MARKET 2020

Will the CORONAVIRUS outbreak derail the GLOBAL ECONOMY? | REAL ESTATE MARKET 2020


hello everyone Thomas Pulaski’s here
with another Monday morning market update for the third consecutive week
mortgage rates have dropped once again the 30-year fixed interest rate averages
around three point four five percent which is the lowest rate we’ve seen in
four years with these rates at their lowest demand to buy is rising and
expect it to jump start in early spring home buying season which is generally
the most popular time of year to purchase a home but how is the
coronavirus going to impact the industry more Chinese cities are on lockdown as
coronavirus cases soar we are already seeing stock prices declining so 17
years ago when the SARS hit China domestic trade suffered significantly in
the stock markets fell however the global economy is now much more
interconnected and the Chinese economy is much more important at the time of
SARS outbreak China’s share of the world’s economy was only around five
percent and today it’s more than 16 percent it’s now the world’s second
largest economy and is an important export market for Germany products and
the starting point of many global supply chains the real estate market will
likely see a decline in the higher end market over the next coming weeks and
turmoil which the coronavirus has caused invent investors tend to pull money out
of the stock market and into safer more stable US Treasury bonds and when the
bonds are strong mortgage rates tend to fall this trend is something to look at
for the next few weeks and a track as we watch how the awful virus has an impact
for now if you guys are thinking about buying or selling property in California
or need some added guidance or advice contact me with the message text however
you want to contact me and we’ll help you whatever stage of the process that
you’re in thank you guys again for watching the weekly update and I’ll see
you next week

3 thoughts on “Will the CORONAVIRUS outbreak derail the GLOBAL ECONOMY? | REAL ESTATE MARKET 2020

  1. Is that a business shirt or a male stripper shirt? You look ridiculous. You don’t try to mix club wear with business attire. Lolololol

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