Southern California Market Update April 2020 Sales are down, prices are higher than before: Is there a market rebound coming after a sharp decline?

Roomvu TeamRoomvu Team

Southern California has experienced one of the largest COVID-19 real estate market slow-downs in the US. Sales of existing, single-family homes in April dropped 37.4% YoY.  Median prices were mostly unchanged or became slightly higher in April compared to the same period last year. Realtors have begun adjusting the new COVID reality by figuring out […]

San Francisco Bay Area Market Update April 2020 Sales are down, prices are flat: Is there a market rebound coming after a sharp decline?

Roomvu TeamRoomvu Team

San Francisco’s Bay Area has experienced one of the largest COVID-19 real estate market slow-downs in the US. Sales of existing, single-family homes in April dropped 37.4% YoY.  Median prices were mostly unchanged or became slightly higher in April compared to the same period last year. Realtors have begun adjusting the new COVID reality by […]

New York City 2020 Market Update

Roomvu TeamRoomvu Team

New York has experienced one of the largest COVID-19 real estate market slow-downs in the US. Under contract listings reached their lowest-point on April 12, down 49% from pre-COVID levels. As of May 5, that number had increased by 30% from April 12 levels, but was still 29% below pre-COVID levels.  Median prices were mostly […]

What will your State’s real estate market look like after COVID-19? Outlook for market and overall economy positive after initial slowdown.

Roomvu TeamRoomvu Team

Key Takeaways Many experts say there is cause for optimism in the real estate market once the COVID-19 pandemic subsides. Some of the factors experts point to are: Strong financial foundation for current housing market thanks to changes made after the 2008 recession  Americans cashed out $824 billion in home equity in the three years […]

These 20 Luxury Condo Owners Lost $65M in 2019

Roomvu TeamRoomvu Team

20 luxury condos on West Cordova, Georgia Street, Marinaside Crescent and Homer Mews experienced a $2.5–to–$5.8 million drop in value due to 2020 BC Assessment Landowners across British Columbia eagerly await the yearly property evaluation performed by BC Assessment. The results help determine the rate of taxation those who are lucky enough to own property […]