Home sellers halt open houses over coronavirus fears

The National Association of Realtors is reporting that nearly one in four home sellers have changed how their home is viewed during the novel coronavirus outbreak. 

A recent study conducted by the association says sellers are no longer holding open houses, are requiring potential buyers to wash their hands, and asking buyers to remove their shoes or wear protective covers when entering their homes. 

The percentage climbed in states where the virus is more prevalent, including Washington (44%) and California (34%). 

Other highlights from the survey include: 

• 37% say lower mortgage rates excited home buyers much more than the stock market correction;

• 78% say there has been no change in buyer interest;

• 16% say buyer interest has decreased due to the coronavirus, with members in California and Washington state citing larger decreases, 21% and 19%, respectively;

• 87% say the coronavirus has not affected the number of homes on the market.

Read the full report here.

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