What are the current trends in the US market?

Coronavirus advice is an enormous trend in the US estate market, as people seek information that will help them get through these unprecedented times. In addition to this, those in the property market are looking for advice and ways they are able to recover successfully.

People are getting more creative with the ways they can currently sell properties, as well as planning for all eventualities. Innovative estate agents are running virtual property tours through video, or even virtual reality technology, showing prospective buyers around in a way that gives them a visual tour without the need to attend. These digital solutions are being continuously worked on and adapted by those in the property market, creating ways to help keep the market moving. It’s essentially a method of online shopping for properties that many are looking to adapt in order to continue business.

There is a lot of coverage of the value of properties with economic uncertainty being a major talking point. It’s expected that property prices will drop drastically in the weeks and months to come as investors pull out of deals and demand for properties drop.

An anticipated wave of people selling their homes to raise funds after the coronavirus pandemic eases, combined with less people being able to financially afford property, will likely result in a mismatch and declining prices.

These trends will no doubt see continuous changes in the coming months, however there is a clear focus on innovative property sales and advice in today’s rapidly evolving market.