Homeowners Getting Ready to Sell
According to a recent MReport, a new study found that the impact of COVID-19 has caused changes in buying behavior. The National Association of Realtors reported that 77% of potential sellers are preparing to sell following the end of the stay-at-home order. NAR Chief Economist Lawrence Yun stated, [...]
Households Faceing Housing Insecurity
According to a recent MReport, new analysis from Zillow shows that African-American and Latin homeowners could be more cost burdened due to the COVID-19 outbreak. Zillow reported that minority homeowners have been adversely affected by the impacts of COVID-19. Of the 22 million Americans who filed unemployment in [...]
COVID-19 Sparks Changes- Part Two
In our last blog post, we highlighted data from a study conducted by Realtor.com. The survey collected information on the changes in living situations and implications about future moves. Keep reading to learn more about what Realtor.com found in their study. The survey concluded that a majority of [...]
COVID-19 Sparks Changes- Part One
According to George Ratiu, Senior Economist for Realtor.com living in the age of social distancing has sparked changes in the housing market. The COVID-19 outbreak and increase in cases has confined most Americans to their houses. With more and more Americans filing for unemployment, the economy has suffered. [...]
Is Home Buying Demand Stabilizing?
According to a recent MReport, home buying demand in the U.S. could be stabilizing. A new study found that there was an increase in people looking for homes. Redfin reported that home buying demand increased 7% during the first week of April. The demand was down 33% the [...]
Virtual Home Tour Update
According to a recent MReport, many contracts have been signed by customers who viewed a house via video. Redfin reported that one-third of tour requests last week made by Redfin customers were video-chat tours. This is higher than the 1% during the first week of March. Out of [...]