NOTICE TO READERS: No covid analysis this week except for this market discussions. Taking a break from Covid. To read my April 3 newsletters, with lots of mostly scientific info, plus updates in these emails since that April 3, go to www.appraisaltoday.com/coronavirus
By Ryan Lundquist
Excerpt: FIVE WEEKS AGO: About five weeks ago the real estate market started to have a strong reaction to the coronavirus. I look to March 12th as our day of change as that’s when things started to kick into high gear with events cancelling and sellers and buyers backing off the market.
OBSERVATIONS RIGHT NOW:
1) Pendings and listings declined heavily for a few weeks.
2) Pending contracts have begun to increase again.
3) More new listings are hitting the market.
See how Ryan analyses his market – lots of graphs. Also watch a video interview with Ryan. To read more, click here
My comment: See how the Burmingham, AL is analyzed below. What works for your market?
Do We Have To Wait To Know How The Pandemic Will Affect Our Market?
Ryan’s interview with Dustin Harris, the Appraiser Coach
Excerpt: Many appraisers are in a “wait and see” pattern, but should we be doing more to be on top of the market? My friend Ryan Lundquist joins me today to talk about his recent article on Sacramento Appraisal Blog called “Seven Things To Watch In Real Estate During a Pandemic.” This is a timely topic for all appraisers.
To listen to the 30 minute audio recording click here
My comment: Ryan’s “Seven Things” article had a huge number of clicks last week. If you missed it, click here