Coronavirus Latest: Realtors Using Cellphones, Drones To Record Properties During COVID-19 Outbreak
click to expand
PHILADELPHIA (CBS) -- For people who are house-hunting, social distancing means some brand new ways to get to know a property. With in-person visits by potential buyers no longer allowed in many places -- it's all about going virtual.
Realtors are using cellphone video and drones to record properties.
According to the National Association of Realtors, home sales could decline by 30 to 40% in the months ahead.
But there's actually a shortage of properties and experts say that may help stabilize the market.
Experts also say this may be a good time to buy because interest rate cuts mean more people can qualify for a mortgage.
Read more