New NAR survey shows relative calm among sellers

In its latest flash survey covering reactions to the COVID-19 pandemic conducted this past Sunday and Monday, the National Association of Realtors asked members how consumer behavior is shifting in light of lockdowns and fears over the disease.

Respondents who work with sellers noted 30% of the time that clients are carrying on with their plan to sell, albeit with behavioral changes in some cases.

While 55% will be delaying the process a few months, only 8% are dropping out of the market indefinitely. Buyers were another story, though. Only 19% have decided to carry on in their search.

Forty-four percent of residential real estate professionals who answered NAR’s survey said their buyer clients would be putting off home searches for a few months, with an additional 22% having stopped entirely looking due to job loss. In terms of activity, only 13% of respondents said they have not seen a decrease in interested buyers; 40% reported this business being cut by more than half.

Still, NAR Chief Economist Lawrence Yun expects this dip in interest to correct itself soon. “It appears the current decline in buyer and seller activity is only temporary, with a majority ready to hit the market in a couple …. Read More

McDevitt Real Estate Closing Attorney Services - Real Estate Law Massachusetts

Have a question about Real Estate Law or need a closing attorney?  Fill out the form below or call us at 617-282-7550.

We are conveniently located in Hingham and Milton, Massachusetts.

  Contact a McDevitt Law Group Real Estate Attorney today!

 

 

McDevitt Law Group voted #1 Choice for Attorney - Lawyer Milton, Massachusetts by Wicked Local Readers Choice

 

 

 

 

 

Article From: "Meg White"   Read full article

lawyers for real estate, Boston Massachusetts, arrow icon

McDevitt Law Group

Massachusetts Real Estate Attorneys
•   •   •
EXPERIENCE       EXCELLENCE

McDevitt Law Group strives to provide the highest quality real estate law and estate planning services, and we have for almost 40 years. As a small law firm, we pride ourselves on providing personal attention to your case and providing the highest quality representation. Call us today, or use the contact form below.


Barnstable County | Bristol County | Duke County | Essex County | Middlesex County | Nantucket County | Norfolk County | Plymouth County | Suffolk County


Just click on the Phone Number to dial on your phone:

617-282-7550

617-282-7550

lawyers for real estate, Boston

Pin It on Pinterest