In States Loosening Lockdowns, Will Real Estate Markets Rebound?
We’re ten weeks into various stages of stay-at-home orders depending on where you live and we’re starting to see the impact these are having on local real estate markets. According to the Director of Economic Research for Realtor.com Javier Vivas, “The markets that reopen will see more listings come back on the market. And then very shortly after that, we’ll see more buyers at open houses.” All real estate is local, and depending on whether you are in a more urban or suburban locale, will determine how much of an effect you see from this. In addition, some markets will see an uptick in the amount of buyers willing to purchase a home without having physically stepped onto the property. Expect to see this trend continue in this new normal of real estate and as buyers flee urban areas in droves.