REAL ESTATE NEWS — The L.A. Loft Blog reported last week that March 2020 Downtown Los Angeles area home prices fell by an average of $35,000. This week, 90% of the members of the National Association of Realtors report seeing interest in homes drop, according to the results of a new survey. 56% of respondents say they have seen some sellers remove their home from the market completely due to coronavirus, according to the survey. NAR Chief Economist Lawrence Yun said, “Home prices will remain stable because of a pandemic-induced reduction in inventory coupled with less immediate concerns over foreclosures.” #us #housing #market | Blog Video
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