The U.S. luxury real estate market entered 2020 on a high note but is now facing the varied headwinds of the coronavirus pandemic
Buyers and sellers’ response to the health crisis On Friday, having signed a sale contract the previous day, Greene and her team partner Nada Rizk said they have not yet had any cancelled appointments. Still, they decided not to bring any new properties on the market for a couple of weeks.
In Chicago, Laricy says a few of his seller clients have decided to convert their listings to rentals.Alec Traub, an agent and Los Angeles team manager with Redfin, says he expects sellers, especially developers, to lower prices and be more flexible. “[Developers] need to sell because their money is tied up or they have hard money loans that they need to pay off,” he says. “They don't necessarily have the luxury of time,especially if they have the sense that in the short term, it's going to get worse before it gets better.”Martin says that luxury home sales in Texas’ largest city dropped by about 6% from March 1 to March 18 compared to the same period last year.
In New York, Fox says that some co-op buildings are advising brokers not to schedule residents’ move-ins or move-outs, renovations and even closings. “This is a really, really bad thing,” says Fox. “We need to have our deals closed. We need them for our sellers and for our buyers. Brokers need their deals to close because we need to make some money, too.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Brazil slashes growth, eyes healthcare collapse over coronavirusBrazil began to process the daunting impact of the coronavirus outbreak on Frida...
Leer más »
ECB's de Guindos says coronavirus will put Europe into a recessionThe impact of the coronavirus outbreak will put Europe into a recession but it s...
Leer más »
Former Real Madrid president dies from coronavirusFormer Real Madrid president Lorenzo Sanz died Saturday from the new coronavirus, his family said. He was 76.
Leer más »
Disney+ will reduce its impact on Europe's internet, as streamers adjust to the coronavirusDisney+ joined a growing number of streaming services that have agreed to reduce their load on Europe's internet infrastructure.
Leer más »
Coronavirus 'will profoundly impact how we consume fitness': Women's Health top editorMore Americans may be flocking to at-home online workouts now that several major U.S. cities have mandated that gyms temporarily close their doors due to the new coronavirus outbreak.
Leer más »
Credit card issuers offering financial assistance due to coronavirus - Business InsiderIf the coronavirus has put a strain on your finances, reach out to your credit card issuer to see what options are available to you.
Leer más »