Posted on 05/10/2020 1:49:31 PM PDT by MeneMeneTekelUpharsin
What is really happening with real estate sales right now? Any stories out there? Seems to be one of the best kept secrets right now. Anyone have any truthful information?
No one wants to talk about it. Climbing unemployment hurts real estate. While the Fed pumping money into our relatively stable stock market helps it.
mark
Yeah, knew that already. Searched for stories on real estate and almost NOTHING, anywhere. Those boys are sure good at covering up to try and protect the outrageous price for properties. Someone needs to do some investigative journalism.
Of course it’s been difficult for agents to show homes with distancing regulations. A friend of mine at a very large firm says her company well before this began creating “virtual tours” of the homes they are offering for sale. She says this has really helped to move deals along, but people are still understandably reticent to sign on ANY line with the way things are at the moment.
I am interested also.
Want to buy in SW Fla.
Trying to decided to wait or go for it now as NE types will be getting TF out of that region.
I read where prices will drop 1 to2 % over the remainder of the year and go back up
Who knows ?
Interest rates were falling. Anyone know the short term outlook?
It’s tanking in our towns in Western MA. No one is looking. Few showings. And getting a mortgage is getting tougher.
Things are slow because showing inhabited properties is difficult under the current social distancing guidelines.
However... If you own a home in a small town less than 100 miles from a major city, expect your property value to increase a whole lot in the next couple of years.
My son sold his house and moved in the middle of April. I expect sales are going to drop, making it a buyers market.
My son moved to Pensacola recently. I’m betting sales will go down because of uncertainty.
Kinda figured that, but no one is talking. Finally found an article, from Australia. lolol.
In a condo now that I own outright. Best move I ever made. I can't imagine trying to sell that 3,000 sq ft monstrosity in today's climate.
just a data point. helped prep a house that sold in april. so things are still moving, somehow.
Ah, here's another one:
We have a family member who is a small broker/realtor in Florida-she isn’t selling much of anything, not too many showings, etc.
Interesting. And, if prices fall, what will governments do with property taxes? Hmm???
I have an extended family member who is a realtor. Almost all her clients right now are people who are relocating for work. Both buyers and sellers. Other than that the market is pretty much dead.
Good luck as having cash on hand is the only way as we are heading into a deflation period and Banks are not making loans and if they do its tough...
A real estate agentette I know tells me it’s deader than a door nail. Also, I just got a super low ball appraisal for a refi that factored that in.
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