Richie Alan  Naggar, agent & author  (people first...then business Ran Right Realty )

Spam prevention
Ambassador
4,516,332
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I believe it's incredibly quiet right now - with the exception of those who have sold and NEED shelter.

In talking to my sphere, the vast majority of them are saying they wouldn't want to make a move right now, simply because of the uncertainty.

I don't think we'll flip a switch when things open back up but, I think there will be some pent-up drive to buy and sell.

Without my crystal ball, that's the best I can do!

Apr 18, 2020 07:23 AM
Rainmaker
1,760,639
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

Demand will rev up as soon as people get back to work. I do suppose that a certain amount of buyers or sellers might think this virus is an omen to either hunker down or get out from under debt & live under a rock in the desert.

Apr 18, 2020 07:28 AM
Ambassador
3,946,863
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I agree and I think that the market is going to boom when this is all over!

Apr 18, 2020 07:40 AM
Rainmaker
1,005,259
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Inventory was very low going into Covid-19. It will be even lower going forward. Buyer demand remains strong but buyers are very cautious. As the situation changes and we regain some normalcy of movement and socialization, we will see multiple offers and rising prices.

Apr 18, 2020 07:47 AM
Rainmaker
1,049,927
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

There will always be a demand for secure housing. The market is still moving and demand exists. Last week our small area had 11 homes go under agreement

Apr 18, 2020 07:59 AM
Rainmaker
4,247,428
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Time will tell. As far as predicting, leave that to the psychics, seers and fortune-tellers of the world.  They, like so many other self-proclaimed experts, are seemingly never in short supply.   

Apr 18, 2020 08:03 AM
Rainmaker
1,426,200
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Vacant homes are selling a lot easier and quicker now.  Many of the occupied homes have gone off the market here and those that haven't make it difficult to show.

Apr 18, 2020 08:50 AM
Rainmaker
1,349,275
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

The real estate market is a bottle of champagne. Shelter in place is methodically shaking the bottle. All clear is popping the cork on first time buyers, move up sell/buys, baby boom buyers and divorcing owners, etc.

Apr 18, 2020 08:32 AM
Rainmaker
5,767,427
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Richie,

You certainly have made an interesting prediction.  It may be a possibility that what you are predicting will happen. A

Apr 18, 2020 08:24 AM
Ambassador
2,053,808
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

I think there'll be some pent-up demand from people who have held off doing anything right now. I also think there are some buyers who will put plans on hold longer term because they were laid off and will need to regroup. I also think there may be some people who want to move to more rural areas now that they know they can work-at-home (call me!).  

But who knows if I'm right. We'll see.

Apr 18, 2020 08:17 AM
Rainmaker
704,932
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Yes, I too am thinking there will be a stampede once the gate goes up. In the meanwhile it's been allright. Just today I showed buyers from New York a nice remote location in Connecticut. With the Covid stats so high (#1) in NY I've been seeing NY'ers looking to cross the border into CT for a safe, secure home. 

Apr 18, 2020 03:14 PM
Ambassador
4,725,403
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

I think most people want a secure place no matter what. I suspect we will see an uptick due to demand when things open up. That will, in part, depend on how many people are back to work.

Apr 18, 2020 09:23 AM
Ambassador
3,147,717
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

"safety & assurance a secure place is coveted. Home sweet home." 

Is always true ... not just in times of need. For many, times of need are constant. 

Apr 18, 2020 09:18 AM
Rainmaker
4,442,495
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Richie... my crystal ball, broken as it is, tells me the same as Debe Maxwell, CRS crystal ball.

Apr 19, 2020 04:41 AM
Rainer
227,567
Eva B. Liland Century 21 Doug Anderson
Century 21 Doug Anderson - Lancaster, CA
Glad to be of Service 661-714-1643

That's a tricky one, whoever your listening to, they all have their own opinion, go figure... But, considering how hard it is to get a loan, the jobloss, people being very cautious etc. I predict a 10% decrease, both in prices and listings. People are staying put.

Apr 18, 2020 09:49 AM
Rainmaker
786,668
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Many are predicting that trend here... especially when the city empties out in pursuit of more rural locations.  I think the duration of this will obviously impact things as people who want no move might end up not being able to financially, and along that vein, many will have to move with a distress sale.  Time will tell.  Be well! 

Apr 18, 2020 09:25 AM
Rainmaker
4,518,838
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

This virus is a blockage in the pipeline. And we know what happens when the blockage is removed. Flow returns under increased pressure.

Apr 19, 2020 06:13 AM
Rainmaker
845,022
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

I think the rental market will be more active as younger salaried workers will be hesitant to take on large obligations for a while. There may be more interest in moves away from more congested urban areas to "virus safer" locales, within commuting distance.

Apr 19, 2020 05:49 AM
Rainmaker
3,377,305
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have been writing about it in my blogs all week. I am getting lots of inquires about the future and if people should buy or sell now. When this ends, our market will thrive. I am ready for the end. 

Apr 19, 2020 05:28 AM
Rainmaker
688,871
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

I think people and their choices will vary according to their financial circumstances.

Apr 19, 2020 09:36 PM