Posts from March 2020
Levin Rinke Realty Blog
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March
18
18
The 2020 Real Estate Market During COVID-19
What Can We Learn From H1N1?
The closest epidemic the US has experienced to COVID-19 was the swine flu outbreak in 2009.
- Real estate transactions saw a slow down of 3.5%. (Assumption: The population was still recovering from the 2008 home crisis and this epidemic closely followed that before the market made a full recovery.)
- The median price of homes (not average) sold only dropped .2%.
March
5
5
How Much "Housing Wealth" Can You Build in a Decade?
Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership.
Below are three graphs depicting the most important data revealed in the study.