NYC Real Estate in a New World with COVID-19
Update: 2020-03-24
Description
On our show today: Agents are seeing home sales fall as panicked buyers back out of deals and sellers hesitate to invite strangers into their home for showings, The Wall Street Journal reports.
The virus strikes the city at a particularly unfortunate time, halting home sales at the time when they would normally be at their peak.
But unlike previous drops in home sales, like during the subprime mortgage crisis of 2008, this is not expected to last nearly as long. Demand for housing was especially strong before the coronavirus hit the U.S., thanks to favorable demographics and strong employment. Hope was there.
Also today: the panel will give us an update on their daily activities and what they are doing to weather this storm which can go on for months to come.
The virus strikes the city at a particularly unfortunate time, halting home sales at the time when they would normally be at their peak.
But unlike previous drops in home sales, like during the subprime mortgage crisis of 2008, this is not expected to last nearly as long. Demand for housing was especially strong before the coronavirus hit the U.S., thanks to favorable demographics and strong employment. Hope was there.
Also today: the panel will give us an update on their daily activities and what they are doing to weather this storm which can go on for months to come.
Comments
Top Podcasts
The Best New Comedy Podcast Right Now – June 2024The Best News Podcast Right Now – June 2024The Best New Business Podcast Right Now – June 2024The Best New Sports Podcast Right Now – June 2024The Best New True Crime Podcast Right Now – June 2024The Best New Joe Rogan Experience Podcast Right Now – June 20The Best New Dan Bongino Show Podcast Right Now – June 20The Best New Mark Levin Podcast – June 2024
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
