'Listing Impossible' star Aaron Kirman says coronavirus could devastate the real estate market investinyou (In partnership with acorns.)
In a flash survey conducted last week by the National Association of Realtors, agents across the country are canceling their open houses and half reported a drop in buyer interest.
Superstar real estate agent Aaron Kirman of 'Listing Impossible' believes that when the pandemic ends, it will be a buyers' market.Mike Blake | Reuters With more than 92,000 coronavirus cases and at least 1,380 deaths in the U.S. that have been linked to COVID-19, the U.S. currently has the most reported cases of
life on hold for millions of Americans. This, as U.S. jobless claims surged to 3.283 million Thursday.According to a flash survey on March 16 and 17 by the, Realtors across the country are canceling their open houses and half of all agents reported a drop in buyer interest. That percentage tripled in just a week. Today that percentage is almost certainly much higher.
The survey polled a random sample of 72,734 members on March 16 and 17. For 96% of respondents, the majority of their business is residential. Seventy-seven percent of respondents are in a state that has declared a state of emergency. Fifty-six percent of members work in a local market where there are presumed or confirmed cases of COVID-19.
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