The coronavirus is making life and markets anything but normal.
Zillow’s research of previous pandemics concluded that while home sales dropped dramatically during a pandemic, home prices stayed about the same or suffered a slight decrease.
Typically the housing market isn’t tied to swings in the stock market, because people don’t buy houses purely as an investment. Housing is a basic need. Your purchase of a home is typically dependant on what stage of life you are in. Do you need one bedroom for yourself or an upgrade for a growing family? Either way, that isn’t dependent on the stock market, it’s dependent on you.
Check out this great article on Curbed to learn more. https://www.curbed.com/2020/3/6/21163523/coronavirus-economic-impact-housing-market