HAR report:
“We were bracing for a rough report and we got it, and the numbers are likely to remain this way until more Realtors® and consumers adapt to the use of virtual technology through HAR.com to safely market, tour and purchase or rent homes,” said HAR Chairman John Nugent with RE/MAX Space Center. “There is definitely no lack of consumer interest in real estate, as property listing views on HAR.com are up almost 60 percent from this time last year.”
In his revised Houston economic forecast on April 30, Stewart Title Chief Economist Ted C. Jones, Ph.D. predicted that second quarter homes sales would show declines of 35 percent as a result of the pandemic and full-year 2020 sales would be down 25 percent. Dr. Jones’ complete forecast, entitled “And the Beat Goes On: Pandemics & Seismic Events,” is available as a video on the HAR Facebook page.