Day: August 2, 2020

Homebuyers Are Making Sight-Unseen Offers at the Highest Rate on Record

45% of surveyed homebuyers said they made a bid on a home without first seeing it in person, up from 28% in 2019. Redfin agents cite health concerns around the pandemic and competition fueled by a worsening housing shortage as reasons more buyers are bidding on homes before visiting them.

Almost half (45%) of people who bought a home in the past year made an offer on a property that they hadn’t seen in person, the highest share since at least 2015, according to a Redfin-commissioned survey in May and June of more than 1,400 people across 29 major markets.

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COVID-19: New restrictions as Victoria declared ‘state of disaster’

The Victorian Government has declared a state of disaster due to increasing coronavirus cases, with new lockdown restrictions in metropolitan Melbourne coming into place from Sunday night.

Premier Daniel Andrews announced the stage four restrictions on Sunday, which include an 8pm-5am curfew in metro Melbourne for non-essential activities, for a six-week period until 13 September.

He said the decision for tougher measures was not “easy to make”, but with forecasts that stage three restrictions could drag out to the end of the year if virus case numbers continued to escalate, it was a necessary one.

A strict curfew will be

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