Agents in 5 of the country's most glamorous enclaves have been impacted by the pandemic along with everyone else. But they also envision a sharp recovery in the months to come
The first quarter of 2020 made a strong showing for homesellers, but the data does not yet reflect the full impact of the COVID-19 pandemic on the market
Contract signings are down 20.8% amidst the coronavirus outbreak
Home prices rose 4.2% in February, before closures due to the coronavirus began to wreak havoc on the real estate industry, according to latest US National Home Price NSA Index
Opinion
There will certainly be negative impacts on the housing market from COVID-19, but I anticipate that total existing home sales will drop this year by somewhere between 10-15%
Mom-and-pop landlords have been losing market share for decades. The last time there was a downturn, that trend accelerated
The pandemic is not over, but a handful of governors in southern states are gradually reopening their economies. Agents mostly agreed that it's time
Opinion
The current evidence supports more of checkmark-shaped recovery rather than a V- or U-shape — beginning with an immediate drop that lasts 3-4 weeks, followed by a gradual recovery
Over 75% of U.S. renters and almost 50% of homeowners could pay one month of housing expenses with a $1,200 stimulus check, according to data from Redfin
As the coronavirus outbreak hit the US, existing-home sales fell 8.5%, according to NAR
Opinion
The 4 major factors are land, labor, material costs and regulatory fees
Despite sales falling in many other states across the nation amidst the COVID-19 crisis, Iowa real estate has managed to achieve the opposite
Agents across the state have felt a market impact since the virus took hold, but how and to what extent depends a bit on the region
Inventory is low and the real estate market is healthier than it was during the last recession. That should keep home prices relatively stable, the Coldwell Banker chief said
Opinion
This tactical move is by no means a sign that iBuyers will fail. Opendoor’s deep pockets allow it to weather the current storm and remain intact (albeit smaller)
Housing starts are down 22.3% in March but up 1.4% year-over-year
