05/06/2020
Interactive Map: U.S. Housing Markets at Highest Risk Post-Coronavirus
As a real estate investor and investing educator, I’ve spent a lot of hours thinking about how the COVID-19 pandemic is affecting real estate investors. We’ve been telling our audience for the last month to expect a short-term dip in home prices around the country, as buyers pull back more sharply than sellers. That tilts the balance of supply and demand to create a buyer’s market. And early data reveal exactly that: Redfin shows median asking prices already down $21,000.
https://loom.ly/ObWEQVI
COVID-19 will surely impact real estate, as it has all areas of finance. However, real estate is inherently local. Some markets will get hit hard, while others will feel no pinch whatsoever. So, which markets will see drops in home prices? ATTOM Data Solutions is out with a new report.