Day: April 6, 2020

11 Charts That Illustrate How the Coronavirus Is Impacting the Housing Market

Some Americans are pulling their homes off the market, while others are waiting longer to list or are lowering their expectations for what their houses can sell for. Meanwhile, video-chat tours are soaring in popularity.

The impacts of the coronavirus pandemic are rippling through to nearly every segment of the economy and the housing market is no exception. The outbreak has driven sudden changes in behavior among homebuyers and sellers in the United States, which now has more reported cases of COVID-19 than any other country in the world.

Here are 11 charts that show how the coronavirus pandemic is

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COVID-19: Five contest renovated Belmont home after virus rules hit scheduled auction

3 Spring St, Belmont, sold at the weekend.

Strong interest from five buyers has ensured that sellers of a renovated Belmont house will walk away with more than they asked for.

The buyers put their best offers on the table before last weekend after drastic social distancing laws changed their auction campaign mid-stream.

But the change didn’t affect their sale price, which was more than $620,000.

The weatherboard house at 3 Spring St was scheduled to be auctioned last weekend, but Stockdale & Leggo, Belmont agent Laura Berry pivoted to a private treaty campaign after public auctions and house inspections

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