At this point, we are not sure how COVID-19 will impact the real estate market. Usually in the spring, we see an increase in leads, and as of Monday, March 16th, we saw a fairly typical amount of leads nationwide.
The Federal Reserve recently dropped interest rates. In the past, low-interest rates have kept the real estate market active as homeowners seize the opportunity to purchase homes at the lower rates. In addition, since closings typically take 30 to 60 days, and there hasn’t been any word that banks are suspending scheduled closings, we’re optimistic that things will improve in time and there will continue to be homeowners in need of moving services.
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