When a house goes on the market, the days on market can leave a negative mark. According to the leaders in the housing market, this stigma will be a thing of the past. Among the current pandemic, the real estate market has changed a bit from traditional ways.
Throughout the country, real estate professionals are finding ways to navigate the real estate market while keeping everyone safe from the coronavirus. There are still buyers out there, they are just exploring their options online. With the stay-at-home orders, potential buyers have a lot more time to shop online.
For Americans who are considering listing their home, now might not be a bad time. Realtors are really focusing their efforts on social media presence. Sellers and buyers are staying connected through YouTube, Zoom, Facebook, Instagram and Twitter. Potential buyers cannot physically go to view a listing but they can experience it via a virtual tour. The virtual tours are keeping buyers interested.
Real estate lenders are still providing loans. During the pandemic, a new market report from Primrose Capital, states that multifamily and industrial properties have seen the most lending. As far as the least activity, retail and condominiums have hit rock bottom.
Now is historically the busiest season for the housing market, but along with the many changes, real estate professionals believe the busy season will last until winter. Once the stay-at-home order is lifted, “the market will be at its height.”
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