Why Aren't Home Prices Dropping Despite the Pandemic?

Why aren't home prices dropping on a national basis?  How can this be with 26 million Americans unemployed?  

With businesses shut down, people at home, and restrictive social interaction on real estate transactions it seems like prices should be dropping.  But are they are not. 

Join Sean Reynolds, owner of Summit Properties NW and Reynolds & Kline Appraisal as he discusses what is happening with pricing in Seattle on this episode of the Seattle Real Estate Podcast.

Here are some of the topics discussed:

Why limited inventory prevents prices from dropping  Why this slowdown is so different than 2008When will the market turn back aroundAre sales happening nowHow many homes are being taken off the marketAre multiple offer situations still happeningWhy Seattle real estate stays so consistentReal estate in Seattle holds valueAre home prices dropping in Seattle? Seattle housing market forecast 2020Seattle home prices increasing in some marketsSupport the show

🛍️ Merch - https://Store.ReasonableTV.com/

🌟 Go PREMIUM with Reasonable+ for uncensored access to our entire content library: https://ReasonableTV.com/

💬 JOIN our FREE Discord Community! Share stories, chat with fellow enthusiasts, and stay in the loop: https://discord.com/invite/uJGWFpgDcY

👍🏼 SMASH that LIKE button & SUBSCRIBE for daily videos that dive into the latest news! https://youtube.com/c/NewsForReasonablePeople

📲 Stay connected and never miss an update!

🔗 Rumble - https://rumble.com/c/NewsForReasonablePeople
🔗 Facebook - https://www.facebook.com/NewsForReasonablePeople
🔗 iTunes - https://apple.co/2MkFziJ
🔗 Spotify - https://spoti.fi/2Dh8EoL