Source: Realtor.com —
News of a dangerous, potentially more transmissible new COVID-19 variant has shaken the financial markets to the core, resulting in international travel bans and renewed fears for the pandemic-weary population around the world.
But will omicron, discovered in the U.S. last week, infect the housing market?
The fear is that vaccines and antibodies acquired after infections may not be as effective against the variant. Moderna’s chief executive told the Financial Times he didn’t think his company’s vaccine would be as powerful against it as it was against the delta variant. The same day Regeneron said its antibody treatment may have to be updated to better fight the virus.