Manhattan Home Sellers Hold Back Listings During Coronavirus

Manhattan Home Sellers Hold Back Listings During Coronavirus

Assessment

Interactive Video

Business

University

Hard

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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.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How do past crises compare to the current situation in the housing market?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of the rental market changes mentioned in the text?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What role do banks play in the current housing market crisis?

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