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%
The post-COVID-19 era will likely bring a slew of changes to the kinds of properties, features, amenities and locations homebuyers will look for. Here are a few trends to expect
It's the lowest since Gallup began conducting homebuyer sentiment surveys in 1978
In a letter to the Federal Housing Administration, NAR President Vince Malta said home sale transactions can buoy economic recovery
Even chaotic times can bring some positive lessons to learn from. Here's how COVID-19 might change the real estate industry and how homebuyers can benefit from the situation
The crisis brought the economy to a standstill and turned the future into a question mark. Help Inman understand how you're coping
Agents who can identify market trends after every period of disruption and adapt to them efficiently are the ones who endure. Here are a few changes we can expect
The new stimulus bill includes $310 billion for the Paycheck Protection Program, which is supposed to help small firms through the pandemic but previously ran out of money
Traffic to listings on Zillow plummeted in the first weeks of the coronavirus pandemic. But it has since rebounded, suggesting more consumers might be ready to buy and sell houses
More than 26 million individuals have filed for unemployment since COVID-19 began spreading throughout the country
The average rate on a 30-year, fixed-rate mortgage could hit 2.9% in 2021, according to Fannie Mae's April housing forecast
The data doesn't yet reflect the impact of COVID-19
Isolation mandates are beginning to lift in a handful of Southern states. Agents across the region believe consumers will race back to the market
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
The money is meant to replenish the Paycheck Protection Program, a potentially important lifeline for real estate professionals. The program previously ran out of money
