To help keep you and your clients informed and prepared, we have just released the RE/MAX 2020 Global Outlook Report. In this new report, we explore the effect COVID-19 has had on housing activity in key global markets, and what it means for the industry as we move forward. See the findings below and share the results with your clients and prospects alike.

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KEY FINDINGS:

Canadian Real Estate Market Sentiments

  • 56 per cent of Canadians who are planning to engage in the real estate market say they expect to do so within less than a year
  • Almost half (44 per cent) of Canadians believe that the real estate market will bounce back to the strength it was before COVID-19 by 2021
  • 29 per cent of Canadians believe that before the end of 2020, the Canadian housing market will return to its pre-pandemic strength

As restrictions begin to ease in Europe and the U.S., outcomes are dependent upon locality and the economic conditions of a state, country, and city prior to the crisis.

US Real Estate Market Sentiment

  • In-person showings and foot traffic to offices in many US cities has returned to levels seen in January 2020.
  • RE/MAX brokers and agents across the country report that multiple-offer scenarios are on the rise.
  • Increasing activity in secondary and tertiary markets.

Europe Real Estate Market Sentiment

  • RE/MAX Europe reports website traffic is up 70% in May 2020 compared to May 2019, signalling growing demand.
  • Requests from end consumers were up 63% in May 2020 compared to May 2019.

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NEW: RE/MAX 2020 Global Outlook Report

In our new RE/MAX 2020 Global Outlook Report, we explore the effect COVID-19 has had on housing activity in key global markets, and what it means for the industry as we move forward. Listen to what our global RE/MAX leaders had to say & learn more about our findings in this new report: https://blog.remax.ca/global-real-estate-housing-market-outlook/

Posted by RE/MAX INTEGRA, Ontario-Atlantic on Tuesday, June 16, 2020

 

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HOW YOU CAN USE THE REPORT

RE/MAX Reports are distributed throughout the year and are designed to highlight RE/MAX market insights to educate the public and our network. Visit https://blog.remax.ca/medianewsroom/ to view the latest RE/MAX reports and news.

  • Provide a copy in your listing presentations
  • Share with your network via email or social
  • Encourage clients and prospects to view the report on social media by sharing the visual assets