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Originally Posted by skarra
Absolutely yes.
I was in that situation a few weeks back with a pending sale, and now I have delayed my move as I wait to see what happens to real estate prices all round. I'd also much rather put my money to work in the stock market given the bargains that are out there now.
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I agree that home sales will slow drastically, and not only real estate but luxury items such as boats, RV's, and even automobiles to an extent. The coronavirus is definitely a factor but also due to the stock market tanking. People who are invested in the stock market have lost wealth, if even on paper until they sell, and this is a huge factor.
I have been re-allocating my investments by selling bonds and buying stock. There are bargains to be had if one has the timeframe to wait for the market to come back, which it will.