{"id":379293,"date":"2020-11-12T06:03:56","date_gmt":"2020-11-12T11:03:56","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=379293"},"modified":"2020-11-12T06:03:56","modified_gmt":"2020-11-12T11:03:56","slug":"realtor-com-weekly-housing-report-new-listings-decline-even-further-as-buyers-and-sellers-hit-pause-during-election-week","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/realtor-com-weekly-housing-report-new-listings-decline-even-further-as-buyers-and-sellers-hit-pause-during-election-week\/","title":{"rendered":"Realtor.com\u00ae Weekly Housing Report: New Listings Decline Even Further as Buyers and Sellers Hit Pause During Election Week"},"content":{"rendered":"
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– Newly listed properties are down double-digits compared to last year<\/h2>\n

– Home prices continue to evade the usual seasonal slowdown<\/h2>\n

– The number of days on market holds steady at nearly two weeks faster than last year<\/h2>\n

– Data shows the housing market remains unexpectedly strong for this time of year but activity is beginning to slow down<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n SANTA CLARA, Calif.<\/span>, Nov. 12, 2020<\/span> \/PRNewswire\/ —\u00a0Buyers and sellers took a step back from the market last week as the nation focused its attention on the presidential election and surging coronavirus cases, according to realtor.com<\/a><\/u>\u00ae<\/sup>‘s Weekly Housing Report<\/a> for the week ending Nov 7<\/span>. The latest report found new listings declined even further from the prior week, while prices and the pace of sales continue to hold steady — further thwarting the usual seasonal slowdown. <\/p>\n

“Between the presidential election and a new wave of coronavirus cases, buyers and sellers had a lot of reasons to pause last week,” according to realtor.com<\/a><\/u>\u00ae<\/sup> Chief Economist, Danielle Hale<\/span><\/a><\/u>. “The big question is whether both buyers and sellers will jump back into the market after last week’s break. With mortgage rates expected to rise on news of a likely vaccine, buyers may have reason to jump back in and find a home sooner rather than later, but sellers may be more inclined to stay on hold. Thus, even as overall activity slows, we may very well see continued price growth and quick sales.” <\/p>\n

\n Sellers take a break from putting their homes on the market <\/b>\n <\/p>\n