REALTOR Magazine
The latest COVID-19 variant is prompting a wave of new infections—more than 1 million daily cases were reported on Monday alone. Omicron is also the most contagious variant yet. But housing analysts don’t believe omicron will hamper the housing market and deter buyers and sellers—at least it doesn’t done that so far, observers say.
Housing analysts acknowledge they were concerned as the new strain reached the U.S. in November and then saw a dip in new listings in December 2021, realtor.com® says. But George Ratiu, manager of economic research at realtor.com®, says he sees those events as a coincidence that reinforced the seasonal trend of slower sales.
Keep reading: Omicron Not Scaring Off Home Buyers
