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Is this the worse time to buy home?

Hey we were In market to buy home in great neck Long Island from months we finally liked a co op and put an offer and they said yes, we have done inspection, the contracts are with our -buyer attorney. The last week due to corona virus we are hearing rumors of economic slowdown and now my husband is in full panic and planning to back out of the offer. Is there any truth in his panic attack? Is this the worst time to buy house?

Please help, very confused first time home buyer.

submitted by /u/maivisha13
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source https://www.reddit.com/r/RealEstate/comments/fb3zlr/is_this_the_worse_time_to_buy_home/
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