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.
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.”
Commentary and Expert Insights
- Podcast: Brian Buffini Interviews NAR Chief Economist on Coronavirus Impact
- A New Normal: Current Events Will Shape How Real Estate Operates
- Coronavirus: How Brokers Are Responding and Adapting
- The State of Housing: Experts Discuss Global Influence, Trends, Coronavirus and Other Challenges, and Potential Solutions
- How Coronavirus Affects the 2020 Real Estate Market
- Serious Homebuyers Are Active During Pandemic, NAR Flash Survey Shows
- Northeast and Florida Markets Feeling Impact of COVID-19
- Forecast: COVID-19 to Drag Home Sales 15 Percent This Year
How-To: Keep Productive
- How to Talk About COVID-19 in Your Real Estate Newsletter
- Daily Facebook Live Events: How to Adapt in Uncertain Times
- Right Now Is the Time to Up Your Social Media Game
- Real Estate Recruiting—Right Now!
How-To: Remotely Work
- Setting Up for Remote Work Amid a Health Crisis
- Tips to Train Your Team Virtually
- Working Remotely With Your Team and Your Clients
Important Resources
Last Updated: April 17, 2020
