Search This Blog

Thursday, June 25, 2020

SoCal Index Reveals Impact of COVID-19 on Local Real Estate #SellYourHomeForMoreandPayLess, #TimeToSell #ChrisBJohnsonRealtor, #SellersPayZEROCommission, #ListYourHomeAndPayNoCommission, #BetterThanFSBO, #5StarREALTOR®, #FixandFlip, #RealEstateInvestor, #TopProducer, #AJIBoom, #XomeAgentNetwork, #BidOnHomes, #ShortSaleSpecialist

SoCal Index Reveals Impact of COVID-19 on Local Real Estate: Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the ..............BY 
Real Estate Agent with Allison James Elite CA. BRE 01501699
 
New Index Reveals Impact of COVID-19 on Real Estate | MyKCM

Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following:

  1. Housing Demand – Growth in online search activity
  2. Home Price – Growth in asking prices
  3. Housing Supply – Growth of new listings
  4. Pace of Sales – Difference in time-on-market

The index then compares the current status “to the last week of January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market’s index value, the higher its recovery and vice versa.”

The graph below charts the index by showing how the real estate market started out strong in early 2020, and then dropped dramatically at the beginning of March when the pandemic paused the economy. It also shows the strength of the recovery since the beginning of May.New Index Reveals Impact of COVID-19 on Real Estate | MyKCMIt’s clear to see that the housing market is showing promising signs of recovery from the deep economic cuts we experienced earlier this spring. As noted by Dean Mon, Chairman of the National Association of Home Builders (NAHB):

“As the nation reopens, housing is well-positioned to lead the economy forward.”

The data today indicates the housing market is already on the way up.

Bottom Line

Staying connected to the housing market’s performance over the coming months will be essential, as we continue to evaluate exactly how the housing market is doing in this uncharted time ahead.

 

 

Quick Fixes That Pay Off Big When Selling Your Home

#SellYourHomeForMoreandPayLess#TimeToSell #ChrisBJohnsonRealtor, #SellersPayZEROCommission,  #ListYourHomeAndPayNoCommission#BetterThanFSBO#5StarREALTOR®#FixandFlip, #RealEstateInvestor, #TopProducer#AJIBoom#XomeAgentNetwork, #BidOnHomes, #ShortSaleSpecialist

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
TOPIC:
 Home Selling
LOCATION:
 
California Ventura County
TAGS:
 
topproducer
 
fixandflip
 
realestateinvestor
 
shortsalespecialist
 
ajiboom
 
5starrealtor
 
sellyourhomeformoreandpayless
 
timetosell chrisbjohnsonrealtor
 
sellerspayzerocommission
 
betterthanfsbo
 
xomeagentnetwork
 
bidonhomes
#SellYourHomeForMoreandPayLess, #TimeToSell #ChrisBJohnsonRealtor, #SellersPayZEROCommission,  #ListYourHomeAndPayNoCommission, #BetterThanFSBO, #5StarREALTOR®, #FixandFlip, #RealEstateInvestor, #TopProducer, #AJIBoom, #XomeAgentNetwork,
#BidOnHomes,
#ShortSaleSpecialist


No comments:

Post a Comment