More property showings in the past couple of weeks


With plenty of time during the COVID-19 social distancing and stay-at-home guidelines, consumers began getting cabin fever and realized that maybe their present home is too small or even maybe too big and went on to social media to daydream possibilities.

As a Realtor® I have has rapidly adapted  to COVID-19 rules and precautions, and  now using virtual showing, remote contract negotiations,  signings and closings.
As a matter of fact I have been Move certified with HomeLight in using the best tools, technology and practices to help keep clients safe during he COVID-19

In a prior post of 


According to data from ShowingTime, a home tour scheduler, the number of Florida home showings by day was similar to 2019 showings until the end of February. After that, showings dropped off slightly but remained in positive territory until Saturday, March 14, when the first indication of buyer interest seemed to wane and showings dipped into negative territory (-1.9%).
From that point on, the number of Florida home showings continued to drop until they hit bottom on Tuesday, April 7, when the number of home showings was down 64.3% compared to that January baseline.
However, the tide turned after April 7, and the drop in Florida home showings continued to ease, rising about 33% in the past two weeks. To determine drop-off, ShowingTime compared daily data to the first week of January 2020.
Consumers may have spent the last weeks of March preparing for social distancing, but once the pandemic reached a sort of balance, they may have had more time to explore home-listing websites and grow comfortable with virtual tours.
On Tuesday, April 14, the number of Florida home showings was down 58.5%; by April 21, it was down only 43.2%. ShowingTime says most of the newly scheduled tours were virtual.

Guillermo "Bill" Sanjurjo Realtor® https://guillermorealtor.c21.com/ 12955 SW 42 St Suite 2, Miami, FL 33175 Cell: 786-232-1400

Comments

Post a Comment

Your comments are always welcomed and appreciated. Thank you.

Popular posts from this blog

Challenges for Miami Homebuyers

Image
Navigating the New Real Estate Landscape:  Challenges for Miami Homebuyers Miami Homebuyers Facing Obstacles The real estate market in Miami has become increasingly challenging for homebuyers. Over the past few years, housing prices have skyrocketed, while mortgage interest rates have risen to unexpected levels. Unfortunately, wages haven’t kept pace with inflation, making it more difficult for many to afford their dream home. As if these challenges weren’t enough, new rules from the National Association of Realtors (NAR) are set to change how commissions are handled in real estate transactions, adding another layer of complexity for buyers. The Impact of the NAR Settlement Rules Beginning this Saturday, real estate agents listing homes on the Multiple Listing Service (MLS), a widely used database for agents, will no longer be allowed to advertise any compensation to buyer's agents. Previously, it was common for sellers to pay commissions to real estate agents on both sides of the ...
Read more

Know your rights under mortgage payment forberance

Image
Photo by  Andrea Piacquadio  from  Pexels To combat ongoing misinformation, the Federal Housing Finance Agency (FHFA) reiterated that borrowers in forbearance with a  Fannie Mae or Freddie  Mac-backed mortgage are not required to repay the missed payments in one lump sum. According to the McDash Flash Forbearance Tracker from  Black Knight , as of April 23, 2020, more than 3.4 million homeowners, or 6.4% of all mortgages, have entered into COVID-19 mortgage forbearance plans. “During this national health emergency, no one should be worried about losing their home," said Director Mark Calabria. “No lump sum is required at the end of a borrower's forbearance plan for Enterprise-backed mortgages. To help homeowners navigate the forbearance process, FHFA partnered with CFPB on the Borrower Protection Program to provide homeowners accurate information about forbearance and address concerns noted in some consumer complaints. While today's statement only ...
Read more