NAR Survey Finds Nearly Half of Realtors® Say Home Buyer Interest Has Decreased Due to the Coronavirus Outbreak
Nearly half of Realtors® – 48% – said home buyer interest has decreased due to the coronavirus outbreak. However, 69% of Realtors® said there’s no change in the number of homes on the market.
Survey Finds Nearly 1 in 4 Home Sellers Changed How Their Home is Viewed on the Market Due to Coronavirus Outbreak
The changes include stopping open houses, requiring potential buyers to wash their hands or use hand sanitizer, asking buyers to remove shoes or wear footies, or other changes.
NAR has announced that it will not hold two conferences scheduled to take place in California later this month – the Joint AE Institute and the REALTOR® Broker Summit – in response to coronavirus concerns.
Despite the age gap between millennials and the silent generation, the groups are like-minded in buying preferences.
The Federal Housing Finance Agency – under the direction of Mark Calabria – allocated $502.2 million to the National Housing Trust Fund and the Capital Magnet Fund, marking the GSE’s largest-ever contribution to the federally-managed entities.
While the increase in the overall homeownership rate is encouraging, there continues to be a significant racial homeownership gap in America that needs to be addressed.