-
Home Sellers Flee The Market As Coronavirus Concerns Grow
A few months back, experts predicted that 2020 would see a “historic low level” of housing inventory. As March data begins to emerge, it appears those projections may soon ring true. According to data from real estate brokerage Redfin, housing supply is rapidly declining in the wake of the COVID-19 outbreak. In the week ending March 29, more than 28,000 sellers took their homes off the market—a 148% jump over this time last year. In total, 4% of all homes on the market were de-listed, about twice the normal rate. According to Adam Weiner, chief growth officer at Redfin, sellers are worried about the exposure ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Apr 5, 2020 3:00am Apr 5, 2020 3:00am
- seaman2
- | Joined Feb 2013 | Status: Member | 629 Comments
- Comment #2
- Quote
- Apr 5, 2020 3:09am Apr 5, 2020 3:09am
- RossEdwards
- Joined Jun 2019 | Status: Member | 3299 Comments
Warning: A Dangerous Subversive: 1% of comments CoCed
- Comment #3
- Quote
- Apr 5, 2020 7:03am Apr 5, 2020 7:03am
- seaman2
- | Joined Feb 2013 | Status: Member | 629 Comments
- Comment #4
- Quote
- Apr 5, 2020 9:30am Apr 5, 2020 9:30am
- aquavox
- | Joined Nov 2012 | Status: Member | 527 Comments
Old Dog Kiwi