PHILADELPHIA SUBURBS, PA — In a normal year, March would see eager home buyers flocking to open houses, and sellers preparing their properties for what is usually the busiest season for the real estate market. But this isn’t a normal year. As the coronavirus pandemic spreads throughout the country, people are confined to their homes and interactions are limited to a quick trip to the grocery store or pharmacy. So with no open houses or home tours, where does that leave the local real estate market in what is usually a pivotal time for the industry? Local agents say that while the spring market has gotten off to a fast start, things have slowed since the spread of the coronavirus. Last week’s Stay at Home order across the Philadelphia suburbs has further stalled activity. But the agents that spoke with Patch say they’re confident the coronavirus is a challenge that the industry will quickly overcome. It’s all about supply and demand, the agents note. “Demand for housing is very high and will continue to be high, and mortgage rates are at a low, which is creating a lot of activity,” said Lauren Mauro Mellon, an agent with Addison Wolfe Real… Read full this story
- The Top Real Estate Markets Attracting Out-Of-State Buyers
- How Will Mortgage Rates Impact The Real Estate Market And Your Retirement Accounts?
- Trends in Real Estate sessions promise 'a lot of good news' about local real estate market
- Is the Real Estate Market in a Bubble Ready to Burst?
- High-quality FDI projects drive recovery of real estate market
- Foxborough Area Real Estate Roundup
- National Fair Housing Alliance, Redfin Agree To Settlement Expanding Access To Real Estate Services In Communities Of Color
- Credit tightening going some way to avert real estate bubble
- Capital flow into real estate should not be blocked
- Cerritos-Artesia Area Real Estate Roundup
Coronavirus' Impacts On The Suburban Philly Real Estate Market have 304 words, post on patch.com at March 26, 2020. This is cached page on Vietnam Art News. If you want remove this page, please contact us.