Day: May 15, 2020

Home Sellers Are Jumping Back Into the Housing Market as the Coronavirus Pandemic Continues

As states start to relax stay-at-home restrictions amid the coronavirus pandemic, more Americans are putting their homes up for sale—and setting higher expectations for what their houses are worth. But supply has yet to catch up to homebuying demand, which has now eclipsed pre-pandemic levels.

Here are seven charts that illustrate the latest developments in the housing market as COVID-19 continues to transform residential real estate as we know it.

More Sellers Are Listing Their Homes

About 70,000 homes went up for sale during the week ending May 8. While that’s a 30% drop from the same period last year,

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New property listings jump after Scott Morrison announces plans to ease COVID-19 restrictions

Last Friday Scott Morrison announced a three-step plan to restart the Australian economy, including easing of real estate restrictions. Since that time the number of new properties advertised for sale has jumped.

On Friday 8 May, Prime Minister Scott Morrison announced a three-step plan for bring Australia’s economy out of hibernation. Although the timing of the announcements were up to the states, most states and territories have already commenced the first step of easing.

In all states and territories except for Tasmania this has included changes for property whereby open homes and on-site auctions would be allowed, albeit with strict

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