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re: Anybody know if residential real estate sales have stopped

Posted on 3/30/20 at 7:44 am to
Posted by jcaz
Laffy
Member since Aug 2014
19461 posts
Posted on 3/30/20 at 7:44 am to
I'm signing my new build contract this week. I'm confident everything will be okay and I will need a place to live regardless. Either not able to pay rent or not able to pay a mortgage.
Posted by Twenty 49
Shreveport
Member since Jun 2014
21535 posts
Posted on 3/30/20 at 8:16 am to
quote:

Home closures in the New Orleans region appear to be only 15% of what they were a year ago, according to a rough back-of-the-envelope estimate by Art Sterbcow, a local broker and real estate market analyst.


Real estate market freezes in New Orleans as coronavirus creates havoc for buyers, sellers
Posted by Vastmind
B Ara
Member since Sep 2013
5322 posts
Posted on 3/30/20 at 8:32 am to
No. My house is under contract. Thank you Jesus.
Posted by Lsupimp
Ersatz Amerika-97.6% phony & fake
Member since Nov 2003
86501 posts
Posted on 3/30/20 at 8:40 am to
In all the parishes in S Louisiana recording is continuing as normal.
Posted by Mo Jeaux
Member since Aug 2008
64599 posts
Posted on 3/30/20 at 8:41 am to
quote:

In all the parishes in S Louisiana recording is continuing as normal.



Isn't this a lagging indicator though? I would expect a decline in the weeks to come.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 3/30/20 at 8:44 am to
All I know is that if I need to go get something out my safety deposit box, I have to call for a appointment which can take up to three days.

That should tell you how things are going to shite.
Posted by Lsupimp
Ersatz Amerika-97.6% phony & fake
Member since Nov 2003
86501 posts
Posted on 3/30/20 at 8:48 am to
Some parishes are better than others, but all major parishes are recording on schedule, which is roughly a week later. So far, with EBR having a one day hiccup two weeks ago, all data has been recorded as normal.
Posted by Catchfalaya
Member since Feb 2018
2064 posts
Posted on 3/30/20 at 8:49 am to
I would assume the ones under contract the last thirty days before this hit are still moving forward, but any new transactions may be a lot slower now.
Posted by TIGRLEE
Northeast Louisiana
Member since Nov 2009
31493 posts
Posted on 3/30/20 at 8:50 am to
Just called.


They said to tell you yes.
Posted by Mo Jeaux
Member since Aug 2008
64599 posts
Posted on 3/30/20 at 8:51 am to
quote:

I would assume the ones under contract the last thirty days before this hit are still moving forward, but any new transactions may be a lot slower now.



Yeah, this is what I mean. I would not necessarily expect a slow down to be reflected in the date right now. I would expect it to be reflected in the data three weeks from now.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
141240 posts
Posted on 3/30/20 at 8:54 am to
I am nervous about this, we are building right now, and I will need to put mine on the market in the next month.

A neighbor put his on the market last week, and has already had 5 showings, and one offer, albeit a low ball offer he's not taking. Will see if they counter.

I've been surprised at the interest given the current state of things. I hope this is all on the downside by end of April, and people will be chomping to get back to looking.
Posted by supadave3
Houston, TX
Member since Dec 2005
32430 posts
Posted on 3/30/20 at 8:58 am to
quote:

My god, why?


Yeah, I'm doing the opposite. But looking for a job in this situation is not ideal. At least I have a job and with WFH, I can brownse listings as my frustration builds. That's a nice outlet.

ETA: I did see that she was joking.
This post was edited on 3/30/20 at 8:59 am
Posted by LSUengr
Baton Rouge
Member since Sep 2005
2653 posts
Posted on 3/30/20 at 9:26 am to
Slowed for extended family member who is a home inspector in BR. Few weeks before shut down, he was averaging around 15 inspections per week. Week of shelter in place order, 3 inspections. Couple scheduled for this week.
Posted by Homey the Clown
Member since Feb 2009
6100 posts
Posted on 3/30/20 at 9:58 am to
Just signed for the closing for the sale of my house this past Friday. I was a little nervous whether things would work out or not, but then my realtor told me the buyer was a nurse. That eased my mind knowing she wouldn't be out of work anytime soon. Everything went smoothly. I was quite impressed actually, because it wasn't appraised until Tuesday, and they were able to get all the paper work done for Friday at lunchtime.
Posted by mtntiger
Asheville, NC
Member since Oct 2003
29915 posts
Posted on 3/30/20 at 12:05 pm to
Governor dipshit has banned in house visits and face to face visits with clients until the end of April.

Kinda makes it hard to see a house, have someone see your house, have inspections done, etc., so, yeah, real estate business is pretty well shut down in NC for a month.

Sucks major arse for people like me who have a special circumstance and HAVE to find a new house pronto.
Posted by blueboxer1119
Baton Rouge
Member since May 2013
9869 posts
Posted on 3/30/20 at 12:07 pm to
I put a house on the market is ascension parish yesterday.

I had an offer in 1 hour.
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