Charlotte Talks: What Does COVID-19 Mean For An Otherwise Hot Housing Market?
Tuesday, April 7, 2020
There are challenges to buying and selling homes during the coronavirus outbreak. We check up on Charlotte's already tight housing and rental market.
Spring is usually the best time of year to buy or sell a home. People view the soon-to-end school year as a time to explore new living arrangements, so the market heats up.
Although "for sale" signs are still popping up, the coronavirus outbreak poses some challenges. How do you market a home, sell a home or even explore a prospective home with stay-at-home restrictions and social distancing regulations in place?
Realtors are exploring new options, and we examine those and get a check up on Charlotte’s already tight real estate and rental market, including provisions for those who can’t make their payments because of a loss of a job.
John Kindbom, 2020 President of Canopy Realtor Association/Canopy MLS. He is also regional vice president of Allen Tate.
Charlie Dougherty, economist with Wells Fargo Securities covering commercial real estate, housing, and construction sectors of the U.S. regional and macro economy.
Ashley Fahey, real estate editor for The Charlotte Business Journal
Kim Graham, executive director, Greater Charlotte Apartment Association