{"id":24197,"date":"2020-03-20T10:56:34","date_gmt":"2020-03-19T21:56:34","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=24197"},"modified":"2020-03-20T10:56:44","modified_gmt":"2020-03-19T21:56:44","slug":"will-coronavirus-crisis-send-us-real-estate-market-plunging","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/will-coronavirus-crisis-send-us-real-estate-market-plunging\/","title":{"rendered":"Will coronavirus crisis send US real estate market plunging?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>PHOTO:  &#8211; President Trump US<\/strong><\/p>\n\n\n\n<p class=\"has-drop-cap wp-block-paragraph\"><strong>Current data doesn&#8217;t reflect negative fallout, but the industry remains cautious<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The&nbsp;<a href=\"https:\/\/www.foxbusiness.com\/category\/real-estate\">real estate<\/a>&nbsp;market was dealing with its own challenges heading into 2020 \u2013 including affordability and limited inventory \u2013 but there are concerns the&nbsp;<a href=\"https:\/\/www.foxbusiness.com\/category\/coronavirus\">coronavirus<\/a>&nbsp;crisis may deal a heavy blow to the sector.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In March, preliminary data showed the situation has begun to negatively affect both buyer and seller behavior \u2013 though not yet to a serious extent.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A&nbsp;<a href=\"https:\/\/www.nar.realtor\/research-and-statistics\/research-reports\/nar-flash-survey-economic-pulse\">flash survey<\/a>&nbsp;conducted by the National Association of Realtors of more than 70,000 residential members showed that about 78 percent of respondents said the situation had not changed homebuyer interest in their markets. That compares with 13 percent who reported a decline in interest \u2013 numbers that were higher in California and Washington specifically.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong><a href=\"https:\/\/www.foxbusiness.com\/real-estate\/home-sales-coronavirus-outbreak\" target=\"_blank\" rel=\"noreferrer noopener\">HOME SALES &#8216;ROBUST&#8217; DESPITE CORONAVIRUS OUTBREAK, REAL ESTATE CEO SAYS<\/a><\/strong><\/p>\n\n\n\n\n\n<p class=\"wp-block-paragraph\">Eighty-seven percent said seller behavior hadn\u2019t changed, though 9 percent said the number of homes on the market had declined \u2013 a figure that was also higher in California and Washington, two states hit hard by the initial U.S. outbreak of the virus.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">READ MORE VIA <a href=\"https:\/\/www.foxbusiness.com\/real-estate\/coronavirus-crisis-us-real-estate-market\">FOX BUSINESS<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: &#8211; President Trump US Current data doesn&#8217;t reflect negative<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/will-coronavirus-crisis-send-us-real-estate-market-plunging\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":21066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478100628,478101743,478103205,478109064],"class_list":["entry","author-data123nz","post-24197","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-national-association-of-realtors","tag-property-correction","tag-us-housing","tag-us-real-estate-market"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Will coronavirus crisis send US real estate market plunging? 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