Santa Barbara Real Estate

Corona VirusReal Estate News You Can Use

California home sales fell from both the previous month and year in March as the coronavirus pandemic began taking a toll on the housing market, especially in the last two weeks of the month as the state’s stay-at-home order was put in place.

“The relatively moderate sales decrease that occurred in March is only a prelude to what we’ll see in April and May because sales were still modestly strong during the first two weeks of March before stay-in-place orders were implemented throughout the state,” said 2020 C.A.R. President Jeanne Radsick “However, pending sales, which is a better reflection of the current market conditions and consumer concerns about the coronavirus, dropped nearly 25 percent and suggest the decline could extend beyond the next couple of months, depending on the duration of the pandemic and the lockdown.”

Can I Buy or Sell a House During the Corona Virus Pandemic? NerdWallet

Home Showings Pick Up after Steep Drop Off Forbes

Moving to the Country? Americans rethinking rural America after Virus Outbreak. Redfin CEO offers thoughts. CNBC

Are Home Sellers more Motivated to reduce their Asking Price during Pandemic? National Association of Realtors

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