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Ambassador
4,568,919
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

I dont suspect we will have any rushes to sell, or rushes to buy.  More likely a bit of hesitation and distraction.

Mar 14, 2020 11:04 PM
Rainmaker
1,978,234
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Too early to know concerning corona-virus but in your real estate market reports make sure you let them know stay tuned. You are the local insider sharing the statistics of absorption rate inventory supply. That you realize investors needs the days on market shift, the news about plant closings or new employment opportunities that all affect the local real estate market that is, the one that is coming. Do you know today what the listing price to sale price percentage is in your local area? If new listings, active listings are down today vs a year ago?

How your area compares A to Z to the statewide stats, other markets? Help investors know this fix and flip is ideal for the first time home buyer if the right amount and areas of TLC are applied to this gem listing priced over half the assessed value. Passion, excitement, here to help will make them link up with you the local authority Tony Lewis ! Those investors find you if your market reports show up one two three on the first page indexes.

Mar 14, 2020 04:15 PM
Rainmaker
3,556,428
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Predictions of any kind have never been my specialty so I tend to avoid such discussion.  

Mar 14, 2020 03:54 PM
Rainmaker
761,957
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

As all levels and sectors of the economy will be invariably  affected, buying power will be severely reduced, at least for the masses. Those with deep pockets will benefit from potential foreclosures and drops in prices due to lower demand. 

Mar 15, 2020 12:09 PM
Rainmaker
45,014
Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

Increase in cleaning services.  Once the property is purchased, the new owners will be willing to pay for an extremely thorough, disinfecting cleaning before move in.

Mar 15, 2020 09:35 AM
Ambassador
4,167,773
Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Time wil tell if there is an impact or not.

Mar 14, 2020 10:26 PM
Rainmaker
1,064,932
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

On the contrary with that low interest rate, I imagine people want to beat the crowd proactively wanting to buy. Went to an OH(1st oh)  it was so full the listing agent says TUES 5 PM is when they will review all written offers. Last home in south SJ, CA the home had unpermitted addition and it received 12 offers sold 120K over. 

Mar 14, 2020 09:12 PM
Rainmaker
113,496
sandy straley
Rindlesbach Homes - Salt Lake City, UT
Selling Homes for over 40 Years

I think the prices will hold and buyers and sellers will be out in full force as the weather gets warmer. . . . . that is the best thing about real estate it is such a stable investment

Mar 14, 2020 04:40 PM
Rainer
193,641
Don Baker
Lane Realty - Eatonton, GA

don't see it really making a difference.  buyers may slow down based on stock market losses

Mar 15, 2020 11:34 AM
Rainmaker
5,273,511
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

to this point, they are not affecting our prices....and our open house events are drawing a good amount of visitors....

Mar 15, 2020 09:22 AM
Rainmaker
2,858,167
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

Only time will tell.  Market here is showing non stop signs of showings at open houses and multiple offers. 

Mar 15, 2020 09:05 AM
Rainmaker
971,831
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

They have not affected prices at all right now, Move-in-ready homes in San Diego are selling with 10 to 20 offers on them as of last week. My buyers are facing 2017 conditions.

I just sold a property last Friday for a few thousand over market value as well.

I see no value in hypothesizing about negative doomsday fears when it’s likely this is going to blow over in the next several weeks or at least simmer down as the ADD of America moves us onto the next distraction.

Mar 15, 2020 08:27 AM
Rainmaker
3,125,626
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

Here in NH that is a no. Real estate values are firm with less homes for sale right now in what is normally a mad spring market. The buyers are here. High demand and low supply equalls a continuation in increasing prices. 

Mar 15, 2020 06:45 AM
Rainmaker
3,492,160
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

If patience and common sense trump panic, we will survive this temporary blip!

Mar 15, 2020 04:48 AM
Rainmaker
1,709,787
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Beats me . What I can tell you is that I'm doing more closings than ever as a notary loan closer.

Mar 14, 2020 06:57 PM
Rainmaker
5,688,259
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Many seniors are practicing social distancing and are staying home.

Mar 15, 2020 01:43 PM
Ambassador
3,616,455
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I REALLY need to get that dang crystal ball of mine to the shop for repair! 

Mar 15, 2020 12:59 PM
Rainmaker
195,414
Eva B. Liland Century 21 Doug Anderson
Century 21 Doug Anderson - Lancaster, CA
Glad to be of Service 661-714-1643

Only time will tell and once this madness is over, who knows? In my area we are very low on inventory and interest are the lowest so make yout=r own conclusion.

Mar 15, 2020 08:20 AM
Rainmaker
749,546
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Time will tell. It will be interesting. Buyers with down payments coming from stock investments are already feeling an impact.

Mar 15, 2020 05:11 PM