From Forbes:
The Latest Numbers On Coronavirus’ Impact On The Residential Real Estate Market
Realtor.com just released its latest numbers on COVID-19’s impact on the national residential real estate market. The data tracked is for the month of March, which not surprisingly changed significantly over 31 days.
“The month started out to be a strong spring buying season, which is what we expected,” explains Danielle Hale, chief economist at Realtor.com. “The impact of COVID-19 materialized in the latter half of March. Week by week, we are seeing decreases in new listings.”
It’s no surprise sellers who don’t have to sell right now are rethinking listing their homes. Buyers who aren’t under pressure to purchase a home are also pulling back. Inventory declines, a key market indicator, are also slowing. “We are seeing buyers hesitating as much as sellers now. In February, we had lots of buyers out there actively looking and not enough inventory,” Hale recalls.
Here’s what some of the number crunching Realtor.com did for March looks like. The number of homes for sale declined 15.7% year-over-year. Despite the decline, the national median listing price grew 3.8%, to $320,000. When Realtor.com looked at the weekly data, including the last two weeks of March as the coronavirus crisis hit more parts of the county, listing prices were growing at the slowest paces for 2020. “The data is constantly evolving as we look at weekly numbers,” Hale notes.
The most up-to-date research clearly shows declines in homebuyer interest. According to Realtor.com, in the weeks ending March 21 and March 28, newly listed properties decreased by 13.1% and 34.0%, compared with the year before. This supports recent surveys conducted by Realtor.com pointing to declining interest for potential buyers and sellers.
First ….
Murphy will need to raid the pensions
Stuart Stevens is a prominent consultant to the Republican Party.
https://www.washingtonpost.com/opinions/2020/03/18/elections-have-consequences-slow-response-virus-is-one-them/
Chi – For the airline refund. I used the SMS text customer service when the AI get’s to the point it will ask you “are you sure you do not want a credit” make sure you say NO. A real rep will txt you back and you must say. “Per DOT regs I am requesting a refund for my cancelled flight”
You should get back a confirmation and and email etc that will say 7-10 days for processing.
What ever happened with the discretionary $500 billion that Trump wanted to distribute without any oversight? early Christmas for the GOP.
And what about that story about the secret service required to rent golf cars from the trump courses to generate cash flow? I read somewhere that he was back at the golf course.
What a grifter.
Gary – seems that your meth addiction is catching up with your teeth.
Juice. Your flight was cancelled. Right?
When is Easter?
yes, thanks to the Governor if Florida. Make sure it is cancelled first.
Real time data on clinical trials for Covid19, if someone you know get sick make sure they go to one of these hospitals.
https://clinicaltrials.gov/ct2/results/map/click?map.x=329&map.y=297&cond=covid-19&mapw=1436
More importantly – quality of steaks right now is piss poor.
Had some NY strips last night that we’re tough as rubber – terrible.
Grim email me a shipping address please. No worries it won’t be a uni-bomber gift just something for re-opening the blog and helping out our first respondents!
@MG_Miller
Here’s what you need to know:
– Bread lines are forming in the shadow of President Trump’s Mar-a-Lago resort as a hunger crisis hits America.
– Cruise ships are still sailing all over the world.
– Sweden is girding for thousands of deaths.
Healthcare and first responders too
Libturd, the Master Beta says:
April 3, 2020 at 9:48 pm
BRT,
Trust me. It’s supermarket’s and takeout that is doing the damage.
What is going on in Bergen county anyway? Bergen: 4,866 new cases as of yesterday. I have lots of family there they aren’t leaving their homes so what gives?
We have 4,372 new positive #COVID19 cases, bringing our total to 29,895.
• Atlantic: 72
• Bergen: 4,866
• Burlington: 367
• Camden: 406
• Cape May: 44
• Cumberland: 36
• Essex: 3,067
• Gloucester: 183
• Hudson: 2,835
• Hunterdon: 148
• Mercer: 5
• Middlesex: 56
• Monmouth: 48
• Morris: 43
• Ocean: 45
• Passaic: 34
• Salem: 2
• Somerset: 23
• Sussex: 8
• Union: 45
• Warren: 3
• Unknown: 4
Some people are leaving their homes
April 4, 2020 at 12:14 pm
What is going on in Bergen county anyway? Bergen: 4,866 new cases as of yesterday. I have lots of family there they aren’t leaving their homes so what gives?
https://youtu.be/y9_Stu61HVg
LFGM!
https://twitter.com/LennyDykstra
With the new enlistment of doctors to help in hospitals, any seeing doctors take on additional life insurance policies ?
From what Im hearing from healthcare providers, they are no longer taking temp scans of workers at hospitals as this would require hospital administrators to send them home, best not to scan anymore and force them to work until they end up in ICU. Whole situation is terrible
As a healthcare worker, I would be taking my own temp before going into work. Thousands of workers have called in NYC.
Sheeet- Young Doc I know is now home with a fever on now on O2, tested positive. We might run out of heath care providers folks…
Becoming apparent that health plus exposure levels lead to outcome