Buyer interest declined by 90%? I think they meant that 90% of buyers don't want to risk their life to see a home in person - they are still interested in the market as seen from the couch. NAR's latest Economic Pulse Flash Survey - conducted April 5-6, 2020 - asked...
Home sales are likely to plummet, and take a while to come back. When will the market start up again? It will depend on which channel you watch. Excerpted from this article from Fox Business - hat tip GW:...
Happy Lockdown, with no end in sight! California Gov. Gavin Newsom's order marks the first statewide mandatory restrictions in the United States to help combat the outbreak. It went into effect at midnight Thursday, meaning Californians should not leave home except...
There isn't a central website for viewing videos of local real estate for sale, so let's do it here. This home has been on the market for a while, but the price is now down to $9,395,000: If you're an agent who wants extra exposure for your listings, send me your...
This is a real estate blog but we need facts to make decisions with - thanks Aunt Nancy: University of California, San Francisco BioHub Panel on COVID-19 March 10, 2020 Panelists Joe DeRisi: UCSF’s top infectious disease researcher. Co-president of ChanZuckerberg...
The panic ensues over the coronavirus, but people want and need to move too - especially as mortgage rates climb higher. What can we do to keep the real estate market hopping? Here's what can we do for home sellers. Those who are concerned about strangers coming into...
Statement from FHFA Director Mark Calabria on Coronavirus FOR IMMEDIATE RELEASE 3/10/2020 ?Washington, D.C. – “To meet the needs of borrowers who may be impacted by the coronavirus, last week Fannie Mae and Freddie Mac (“the Enterprises”) reminded mortgage servicers...
Everyone is wondering how the coronavirus will affect housing, so Bloomberg News decided to whip up the hysteria with this article built on speculation and guesses. Mark Zandi has had one of the most negative opinions about housing, hoping that some day he might be...
Rates are really low, and the market is responding. We've considered it a balanced market when the active listings are running about twice the number of pendings. Here's how we're doing so far in 2020, and compared to last February: NSDCC Detached-Home Active and...
