Coronavirus: Real Estate Resources

Posted on Mar 23 2020 - 3:24pm by Housecall
#5

As the coronavirus and its impact on the industry unfold, RISMedia is providing resources and updates. Look for them on this page, which is regularly updated, and for more in the RISMedia newsletter.

Here’s the current breakdown of state’s mandated or recommended stay-at-home orders, as well as their status on reopening businesses:

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Commentary and Expert Insights

How-To: Keep Productive 

 How-To: Remotely Work

News Updates

Podcasts and Webinars

REALTOR® Sentiment

On May 3-4, the National Association of REALTORS® (NAR) asked members for feedback on the pandemic, including market observations and updates. The results:

  • 30% reported homebuyer interest is lower by more than 50 percent, down from 35%
  • 50% reported experiencing no delays in closings as a result of COVID-19, up from 37%
  • 77% reported sellers are getting ready to sell, with half already completing DIY home improvement

“After a pause, home sellers are gearing up to list their properties with the reopening of the economy,” said NAR Chief Economist Lawrence Yun. “Plenty of buyers also appear ready to take advantage of record-low mortgage rates and the stability that comes with these locked-in monthly payments into future years.”

Important Resources

Last Updated: June 10, 2020

 

5 Comments so far. Feel free to join this conversation.

  1. Jon M. March 26, 2020 at 5:13 pm - Reply

    Great resources. Needed this. Thank you!

  2. Phil B. March 28, 2020 at 4:06 pm - Reply

    Lots of much-needed info and resources here, particularly on keeping productive.

  3. james April 6, 2020 at 12:24 pm - Reply

    We have not seen a drop in buyer interest but our team is only taking out buyers that are ready to go and in the buy withing 2-week stage, all others we are using the internet to assist them with the home search. We are also seeing a 30% increase in website visits and signups on our website. We are predicting that once the COVID is under control we will be extremely busy with buyers. The bad is this virus is impacting normalcy the good is that we are touching all our past clients and leads like we never have before and the efforts are paying off. Good Luck to all and stay strong.

    James Gonzales

  4. james April 6, 2020 at 12:28 pm - Reply

    Hey Phil B.,
    What are you guys doing to stay active and productive and where are you guys at. We are fortunate since we are still on the essential list in New Mexico

    James Gonzales
    Albuquerque, NM

  5. fmwhatsapp April 11, 2020 at 12:16 pm - Reply

    What I think would be best is to grab as many leads as possible and give them virtual tours and follow up with them till the quarantine is over. By the time everything comes back to its position market will be flooded with customers but the problem is, what if millions of jobs are lost? It can be a huge draw back for real estate sector,namely we.

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