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Started By
Message
Anybody know if residential real estate sales have stopped
Posted on 3/29/20 at 11:40 pm
Posted on 3/29/20 at 11:40 pm
... or slowed to a crawl? Thank you.
35
Posted on 3/29/20 at 11:41 pm to Zachary
Probably. You're welcome.
Posted on 3/29/20 at 11:42 pm to Zachary
Nope. Still cranking them out.
Posted on 3/29/20 at 11:42 pm to Zachary
Why would they? I mean, mortgage rates are still very low and people are going to be looking to buy before the fall when kids go back to school.
Posted on 3/29/20 at 11:42 pm to Choot em Tiger
Falling like a free falling bowling ball right now.
Posted on 3/29/20 at 11:42 pm to Zachary
I’m perpetually online house hunting and have noticed somewhat fewer sales but people are still listing homes in our area (within my search parameters)
This post was edited on 3/29/20 at 11:44 pm
Posted on 3/29/20 at 11:43 pm to Zachary
Busier than ever. re-fi's are through the roof too. My wife underwrites about 25 loans per month and she is already at 40 this month.
Posted on 3/29/20 at 11:44 pm to Slagathor
Where u moving?
Posted on 3/29/20 at 11:45 pm to Zachary
The PT treating my husband had a contract on his house and an agreement on a home to purchase. He and his wife got cold feet with the unknown — two people in their clinic were let go/furlowed (not sure which) so the canceled both agreements.
Posted on 3/29/20 at 11:46 pm to tgrbaitn08
Back to LA
Posted on 3/29/20 at 11:48 pm to Zachary
They’ve slowed some. Title companies have made adjustments by only allowing buyers/sellers into the office. It’s an adjustment
Posted on 3/29/20 at 11:50 pm to Zachary
There’s some issues with recording. And inspections of course.
Posted on 3/29/20 at 11:51 pm to Zachary
quote:
Anybody know if residential real estate sales have stopped by Zachary
... or slowed to a crawl? Thank you.
While Having no knowledge of the real estate industry, I still reject the premise of your question that the only 2 options for the real estate market are the 2 you presented.
Posted on 3/29/20 at 11:52 pm to Slagathor
Oh really?
Posted on 3/29/20 at 11:54 pm to Zachary
My neighbors bought some property and are in the process of having this huge house built so their kids can go to a better school. I bet they’re regretting that decision right about now.
Posted on 3/29/20 at 11:54 pm to SHOtime Tiger
That was not a premise of the question. I asked whether anyone knows if "A" or "B" is occurring. That does not exclude the possibility of "C", "D", etc.
Posted on 3/29/20 at 11:55 pm to Zachary
I talked with someone whose wife is a realtor. He said the housing market is booming right now. 
Posted on 3/29/20 at 11:57 pm to Tiger Vision
quote:
Busier than ever. re-fi's are through the roof too. My wife underwrites about 25 loans per month and she is already at 40 this month.
Re-fis are not an indication that retail sales are busier than ever. Them being busier than ever suggests that people are planning to stay in their homes for at least six more years, not sell them.
Posted on 3/30/20 at 12:10 am to Zachary
Contracts are down 25% March 2020 vs March 2019 in NYC. FEB was up 13% YoY.
This post was edited on 3/30/20 at 12:11 am
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