News Report: International And U.S. Markets See 50-75% Drop In New Listings11439
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 WGAN ForumFounder & WGAN-TV Podcast Host Atlanta, Georgia |
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| Mike Delprete (6 April 2020) International And U.S. Markets See 50-75% Drop In New Listing Volumes "As the pandemic and associated effect on the real estate market spreads, one of the best leading indicators of a decline in transaction volumes -- new listings -- has dropped an average of 63 percent in the earliest hit markets. Seattle, the Bay Area, and New York City -- along with Italy and the U.K. -- were among the first markets hit, and are the best examples of what comes with strict lockdowns," reports Mike Delprete. -- About the author: Mike DelPrete Mike is a global real estate tech strategist, and a scholar-in-residence at the University of Colorado Boulder. He's a former tech entrepreneur, CEO, strategy director, and head of corporate development with broad expertise in online real estate tech, and a passion for growing new businesses. |
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| @DanSmigrod Virtual Tours Won’t Save Your Business It’s likely that we’ll see plummeting transaction volumes in other international markets as the pandemic spreads. There will be more than a predisposition for social distancing; it will be a temporary halt to a large portion of the real estate market (as evidenced by the data above). Virtual tours won’t stop the decline; they are no replacement for an actual in-home visit. If transaction volumes drop by 80 percent or more -- driven by market uncertainty, quarantines, travel restrictions, and shelter in place orders -- no amount of virtual tours or clever online outreach will make up for that decline. clickable text |
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WGAN Forum Founder & WGAN-TV Podcast Host Atlanta, Georgia |
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| Video: Riding the Surge: Navigating Real Estate's Upheaval | Video courtesy of Mike DelPrete YouTube Channel | 15 June 2020 Hi All, Mike DelPrete gives an excellent overview of residential real estate during the pandemic and discusses virtual tours. From the Mike DelPrete YouTube Channel: Mike DelPrete presents clear insights and the smart strategies needed to navigate the massive changes occurring in real estate since the pandemic. Dive deep into market-specific data, key trends to watch, the resurgence of iBuyers, and the three key traits needed to thrive in this new environment. Source: Mike DelPrete YouTube Channel -- Best, Dan |
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