Manhattan Home Sellers Hold Back Listings During Coronavirus

The video discusses the impact of the virus on the housing market, highlighting a pause in activity and challenges in showing properties due to social distancing. It compares the current situation to past crises, noting potential discounts and the importance of market activity as an indicator. The rental market faces unique challenges, with tenants struggling to pay rent and landlords under financial stress. Before the crisis, the housing market showed signs of strength, but future participation depends on consumer confidence.

What is the current state of the housing market according to the transcript?

• It is experiencing a surge in inventory.

• It is paused with reduced transactions.

• It is booming with high sales.

• It is unaffected by the virus.

How has social distancing impacted property sales?

• It has led to a rise in property prices.

• It has made it difficult to show properties.

• It has had no impact on property sales.

• It has increased the number of property showings.

What tends to happen first in the housing market during a crisis?

• Immediate price decreases.

• A surge in new listings.

• A freeze in sales activity.

• Immediate price increases.

What is the potential impact on property prices if the shelter-in-place order continues?

• Prices will increase significantly.

• Prices will remain stable.

• Prices will double.

• Significant price cuts may occur.

What is the expected impact on rents during the current crisis?

• Landlords will have no issues with rent collection.

• Many tenants may not pay rent, pressuring landlords.

• Rents will remain stable with no changes.

• Rents are expected to increase significantly.

How are banks positioned in the current crisis compared to the last one?

• Banks are refusing to cooperate with governments.

• Banks are unaffected by the crisis.

• Banks are stronger and being leaned on by governments.

• Banks are weaker and struggling.

What was the state of the housing market just before the current crisis?

• It was experiencing a downturn.

• It was stagnant with no growth.

• It was very strong with increased sales activity.

• It was declining rapidly.