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.

Commentary and Expert Insights

How-To: Keep Productive 

 How-To: Remotely Work

News Updates

Podcasts and Webinars

REALTOR® Sentiment

On April 12-13, the National Association of REALTORS® asked members for feedback on the pandemic, including market observations and updates. The results:

  • 44% reported homebuyer interest is lower by more than 50 percent
  • 57% reported sellers are delaying selling their home for a couple of months
  • 31% reported listings on the market declined by 10-30 percent
  • 33% reported experiencing no delays in closings as a result of COVID-19

“Expect second quarter home sales activity to slow down with the broad observance of stay-at-home orders, but sales will pick up when the economy reopens as many potential homebuyers and sellers indicate they’re still in the market or will be in a couple of months,” says NAR Chief Economist Lawrence Yun. “Home prices remain stable as deals continue to happen with the growing use of new technology tools. Remarkably, 10 percent of REALTORS® report the same level or even more business activity now than before the economic lockdown.”

Important Resources

Last Updated: April 20, 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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