Day: March 26, 2020

Stay-at-Home Orders Slow the Market Down Significantly

Since our last update on March 18, Redfin’s home-buying demand has slowed notably, with 27% fewer customers requesting to see homes over the past seven days than the same time last year. Last week, home-buying demand was still up 1% compared to the prior year.  The slowdown is largely a result of stay-at-home orders having been issued in 18 states at the time of publication.

The impact of the stay-at-home orders can be seen most starkly by comparing California and Washington. Prior to March 23, Washington governor Jay Inslee had asked Washington residents to limit in-person activity but hadn’t yet

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Six Knox sellers find buyers in last-minute auctions before ban

24 Cinerea Ave, Ferntree Gullywas a private on-site auction with only bidders allowed at the property on March 25.

There were six lucky sellers at on-site auctions in Knox as the hammer came down on public auctions.

Another nine hopeful owners were left disappointed as their properties passed in at last-minute auctions squeezed in before the COVID-19 crisis deadline.

The usual weekend auction crowds were missing, but auctioneers tried their hardest to drum up some enthusiasm.

RELATED: Melbourne property industry to turn to other methods

Auctions moved forward, sellers and buyers rush in Knox

How COVID-19 will impact Melbourne

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Economic system, Finance & Market

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With a high … Read More