• Home
  • Lending
  • Coronavirus Clobbers Supply of Homes on the Market
Lending

Coronavirus Clobbers Supply of Homes on the Market

The housing market entered the coronavirus market with a low supply, and the number of homes for sale has dramatically fallen even further. That’s according to a new report from Redfin.

With unemployment claims at a record high, the volume of delistings increased 148% from last year during the week ending March 29, according to Redfin.

Would-be sellers took more than 28,000 homes off the market, or about 4% of the total—roughly double the standard pace.

Read the full report from Redfin.

Related Content

Two Big Mortgage Lenders Are Going on a Hiring Spree

Home Prices Keep Rising Despite Pandemic, Unemployment

Share of Mortgages in Forbearance May Be Leveling Off

click me