Day: May 26, 2020

Homebuyer Demand Outpaced Supply Mid-Pandemic

Supply of homes for sale was down 24% from a year ago in April and new listings fell by 42%, but home prices were still up 5%

The effects of the coronavirus pandemic and subsequent shutdowns hit the U.S. housing market in full force in April, with sales and listings both turning in historic declines from year-ago levels. In the past two months, the housing market has seen the fastest slowdown on record as it flipped from one of the strongest markets ever at the end of February to a near standstill in April.

Home sales in April plunged 22.5%

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All Eyes On October As Home Values Hold Strong

Home values are holding strong during the COVID-19 pandemic as Australians closely monitor how the fall-out of job losses and wage cuts will likely affect property markets across the country.

Real estate analysts say the full economic hit of the coronavirus crisis may not be known until early October after financial supports like Centrelink’s JobKeeper payment, other government stimulus and mortgage hiatuses offered by banks are due to end.

Home values have remained steady but everything could change when government stimulus runs out in Spring. Picture: realestate.com.au/buy


Executive manager – economic research at realestate.com.au, Cameron Kusher, said property seekers

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