More Homebuyers Are Making Offers After Viewing Homes Virtually
One-third of home-tour requests made by Redfin customers last week were for agent-led video-chat tours, up from less than 1% during the first week of March.
As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.
Email LilyOne-third of home-tour requests made by Redfin customers last week were for agent-led video-chat tours, up from less than 1% during the first week of March.
The impacts of the coronavirus pandemic are rippling through nearly every segment of the economy and the housing market is no exception.
Redfin saw a 494% increase in requests for agent-led video home tours as homebuyers began relying heavily on virtual viewings amid the coronavirus outbreak.
40% of Americans expect the coronavirus to hurt the housing market, while 50% anticipate no impact.
Redfin surveyed Americans to determine who’s working from home most often amid the coronavirus, broken down by by location, occupation, income and age.
For 25% of Americans, telecommuting increases after a move.
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