The current market is not the same one that existed only three months ago. Open houses are not as “open” as they were, and COVID 19 has impacted every aspect of the real estate market. We got with JD Tomlin, a realtor with the JD Tomlin Team (est. 2010) in the DFW area, to discuss some of the hottest issues that have come up with the changing industry.
Part 1: Benchmark Interview Series: Real Estate during COVID-19 pandemic, Part 1
Part 2: You are here.
Impact of Covid 19 on Real Estate – Home Inventory Movement
Home inventory helps predict whether it’s a “Seller’s Market” or a “Buyer’s Market.” When there are too many houses for sale, the buyer has the advantage. When there are not enough houses, sellers have the advantage. Home inventory changes based on location, so good advice in one city, may be harmful in another. No matter what inventory level your area is seeing, the important thing to note is that houses are still selling, people are still moving, and you can too! Ask your local Benchmark Loan Officer to connect you with one of their trusted realtor partners to get started today!
Watch this 6 minute video to see the interview.
Next, see Part 3 of this series: Benchmark Interview Series: Real Estate during COVID-19 pandemic, Part 3