Register Login (888) 209-3146
  • Email
  • Facebook
  • Twitter
  • Home
  • Search
    • Search
    • Featured Listings
    • Map Search
    • Open Homes
    • Email Alerts
  • Neighborhoods
  • Services
    • Buyers
    • Sellers
    • Rentals
    • Market Reports
  • Testimonials
  • Blog
  • About Us
    • About Us
    • Our Agents
    • Contact Us
  • COVID-19 UPDATE
Home >Tahoe Truckee Homes>Truckee Real Estate>Tahoe Real Estate>Truckee Rentals>Tahoe Rentals Impact of COVID-19 on Real Estate

Impact of COVID-19 on Real Estate

June 30, 2020 by Lauren Kilbourne Leave a Comment

Earlier this month, realtor.com announced the release of their initial Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry, tracking each of the following:

  1. Housing Demand – Growth in online search activity
  2. Home Price – Growth in asking prices
  3. Housing Supply – Growth of new listings
  4. Pace of Sales – Difference in time-on-market

The index then compares the current status “to the last week of January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market’s index value, the higher its recovery and vice versa.”

The graph below charts the index by showing how the real estate market started out strong in early 2020, and then dropped dramatically at the beginning of March when the pandemic paused the economy. It also shows the strength of the recovery since the beginning of May.New Index Reveals Impact of COVID-19 on Real Estate | Keeping Current MattersIt’s clear to see that the housing market is showing promising signs of recovery from the deep economic cuts we experienced earlier this spring. As noted by Dean Mon, Chairman of the National Association of Home Builders (NAHB):

“As the nation reopens, housing is well-positioned to lead the economy forward.”

The data today indicates the housing market is already on the way up.

Bottom Line

Staying connected to the housing market’s performance over the coming months will be essential, as we continue to evaluate exactly how the housing market is doing in this uncharted time ahead.

 

Tahoe Truckee Homes
10098 Jibboom St. Ste 104
Truckee, CA 96161
530.412.3146
DRE#01213523
“With us, it’s personal”

Filed Under: COVID-19

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

New ListingNotifications

  • Email Alerts for New Homes
  • Save Your Favorites
  • Price Change Notifications
  • Plus More...
Sign Up

What's YourHome Worth?

Find Out

Categories

  • Buyers
  • COVID-19
  • Local News
  • Market Reports
  • New Listing
  • Real Estate News
  • Sellers
  • Uncategorized

Client Testimonials

"I come from a real estate background and I was in the industry for 10 years earlier in my career.  Tahoe Truckee Homes is a boutique agency... continued"
- Jim M.
View All

Search Listings

$
$

Listing Notifications

Sign Up! New listings delivered to your inbox!
Sign Up Now

Stay Connected

  • Email
  • Facebook
  • Instagram
  • Twitter

Tahoe Truckee Homes

By working with Tahoe Truckee Homes, you work with our entire real estate team. All of our team members work together to support each other and to make sure that all of our clients are completely satisfied. Each of our team members chose to be a part of Tahoe Truckee Homes because of their love of real estate, the local community and a common business ethos: always put your clients first while providing honest and straightforward advice.

Meet Us

Tahoe Truckee Homes

10098 Jibboom St Ste 104
Truckee, CA 96161

(888) 209-3146
Contact Us

BRE #01213523   •   sitemap   •   admin   •   ©2021 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com