A recent WSJ article discussed the impact of the coronavirus pandemic on the housing market and provided one of the best snapshots I’ve come across. The housing market is seeing prices rising higher and higher despite the shrinking economy. In fact, the National Association of Realtors is reporting that the median price rose 8% to $280,600 in March. The article notes that while buyer demand has softened due to the virus, the supply of homes on the market is contracting even faster, serving to maintain a sense of demand. As…

After weeks of a quarantine triggered lull, we’re starting to see real estate activity pick up at the Mauricio J Barba team so we’d like to share our take on the current Miami real estate market. Real estate firms and moving companies have both been deemed essential businesses throughout the country and we’re seeing people taking advantage of that with an uptick in live showings and phone calls/emails. There are significant reasons why we might be able to count on this momentum as well. Miami market data from March has…