Flash Survey: Economic Pulse - Ohio REALTORSResidential Economic Pulse April 8 2020 | PG #9 |...

Ohio REALTORS® Flash Survey:

C/I Economic Pulse April 8, 2020

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2020 Ohio REALTORS®

Flash Survey:Economic PulseApril 8, 2020



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Ohio REALTORS Flash Survey: C/I Economic Pulse

1 / 5

58.44% 45

31.17% 24

9.09% 7

0.00% 0

1.30% 1

Q1 HOW MUCH OF AN IMPACT IS THE CORONAVIRUS (COVID-19)HAVING ON NEW COMMERCIAL CLIENTS WHO WANT TO LEASE

PROPERTIES?Answered: 77 Skipped: 1

TOTAL 77

Significantlydeclined

Declined

No change

Increased

Significantlyincreased

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

ANSWER CHOICES RESPONSES

Significantly declined

Declined

No change

Increased

Significantly increased

COVID-19 Impact: LEASE Properties


1 / 5

58.44% 45

31.17% 24

9.09% 7

0.00% 0

1.30% 1

Q1 HOW MUCH OF AN IMPACT IS THE CORONAVIRUS (COVID-19)HAVING ON NEW COMMERCIAL CLIENTS WHO WANT TO LEASE

PROPERTIES?Answered: 77 Skipped: 1

TOTAL 77


Declined

No change

Increased


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%



Declined

No change

Increased




| PG #4 |


2 / 5

60.53% 46

32.89% 25

5.26% 4

1.32% 1

0.00% 0

Q2 HOW MUCH OF AN IMPACT IS THE CORONAVIRUS (COVID-19)HAVING ON NEW COMMERCIAL CLIENTS WHO WANT TO

PURCHASE PROPERTIES?Answered: 76 Skipped: 2

TOTAL 76


Declined

No change

Increased


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%



Declined

No change

Increased


COVID-19 Impact: PURCHASE Properties


2 / 5

60.53% 46

32.89% 25

5.26% 4

1.32% 1

0.00% 0

Q2 HOW MUCH OF AN IMPACT IS THE CORONAVIRUS (COVID-19)HAVING ON NEW COMMERCIAL CLIENTS WHO WANT TO


TOTAL 76


Declined

No change

Increased


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%



Declined

No change

Increased




| PG #5 |


3 / 5

41.89% 31

33.78% 25

21.62% 16

2.70% 2

0.00% 0

Q3 HOW MUCH OF AN IMPACT IS THE STOCK MARKETCORRECTION DECLINE HAVING ON NEW COMMERCIAL CLIENTS

WHO WANT TO LEASE PROPERTIES?Answered: 74 Skipped: 4

TOTAL 74


Declined

No change

Increased


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%



Declined

No change

Increased


Stock Market Impact: LEASE Properties


3 / 5

41.89% 31

33.78% 25

21.62% 16

2.70% 2

0.00% 0

Q3 HOW MUCH OF AN IMPACT IS THE STOCK MARKETCORRECTION DECLINE HAVING ON NEW COMMERCIAL CLIENTS

WHO WANT TO LEASE PROPERTIES?Answered: 74 Skipped: 4

TOTAL 74


Declined

No change

Increased


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%



Declined

No change

Increased




| PG #6 |


4 / 5

18.92% 14

24.32% 18

52.70% 39

4.05% 3

0.00% 0

Q4 HOW MUCH OF AN IMPACT IS THE INTEREST RATE DECLINEHAVING ON NEW COMMERCIAL CLIENTS WHO WANT TO


Total Respondents: 74


Declined

No change

Increased


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%



Declined

No change

Increased


Interest Rate Decline Impact


4 / 5

18.92% 14

24.32% 18

52.70% 39

4.05% 3

0.00% 0

Q4 HOW MUCH OF AN IMPACT IS THE INTEREST RATE DECLINEHAVING ON NEW COMMERCIAL CLIENTS WHO WANT TO




Declined

No change

Increased


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%



Declined

No change

Increased




| PG #7 |


5 / 5

2.86% 2

55.71% 39

67.14% 47

72.86% 51

38.57% 27

18.57% 13

Q5 WHAT IMPACT IS THE CORONAVIRUS HAVING ON YOURBUILDING PRACTICES?

Answered: 70 Skipped: 8


No impact

Morehand-sanitiz...

More frequentcleaning...

Tenantsworking...

TravelSuspension

Other (pleasespecify)

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%


No impact

More hand-sanitizer offered

More frequent cleaning required

Tenants working remotely

Travel Suspension

Other (please specify)

COVID-19 Impact: Building PracticesOhio REALTORS Flash Survey: C/I Economic Pulse

5 / 5

2.86% 2

55.71% 39

67.14% 47

72.86% 51

38.57% 27

18.57% 13

Q5 WHAT IMPACT IS THE CORONAVIRUS HAVING ON YOURBUILDING PRACTICES?



No impact

Morehand-sanitiz...

More frequentcleaning...

Tenantsworking...

TravelSuspension

Other (pleasespecify)

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%


No impact

More hand-sanitizer offered

More frequent cleaning required

Tenants working remotely

Travel Suspension

Other (please specify)


Residential Economic Pulse April 8, 2020

| PG #8 |



| PG #9 |

COVID-19 Impact: Home Buyer Interest

Ohio REALTORS Flash Survey: Residential Economic Pulse

1 / 5

49.04% 485

36.00% 356

12.13% 120

1.92% 19

0.91% 9

Q1 HOW HAS CORONAVIRUS (COVID-19) AFFECTED HOME BUYERINTEREST IN YOUR MARKET?


TOTAL 989

Significantlydecreased

Decreased

No change

Increased


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%


Significantly decreased

Decreased

No change

Increased



1 / 5

49.04% 485

36.00% 356

12.13% 120

1.92% 19

0.91% 9

Q1 HOW HAS CORONAVIRUS (COVID-19) AFFECTED HOME BUYERINTEREST IN YOUR MARKET?


TOTAL 989


Decreased

No change

Increased


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%



Decreased

No change

Increased




| PG #10 |

COVID-19 Impact: Number of Homes


2 / 5

31.06% 305

53.36% 524

13.34% 131

2.24% 22

0.00% 0

Q2 HOW HAS CORONAVIRUS (COVID-19) AFFECTED THE NUMBEROF HOMES ON THE MARKET?


TOTAL 982


Decreased

No change

Increased


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%



Decreased

No change

Increased



2 / 5

31.06% 305

53.36% 524

13.34% 131

2.24% 22

0.00% 0

Q2 HOW HAS CORONAVIRUS (COVID-19) AFFECTED THE NUMBEROF HOMES ON THE MARKET?


TOTAL 982


Decreased

No change

Increased


0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%



Decreased

No change

Increased




| PG #11 |

COVID-19 Impact: Sellers Removing Homes


3 / 5

21.13% 209

30.84% 305

48.03% 475

Q3 HAVE YOU SEEN ANY SELLERS REMOVE THEIR HOME FROMTHE MARKET COMPLETELY DUE TO CORONAVIRUS (COVID-19)?


TOTAL 989

Not sure

No

Yes, removedhomes

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%


Not sure

No

Yes, removed homes


3 / 5

21.13% 209

30.84% 305

48.03% 475

Q3 HAVE YOU SEEN ANY SELLERS REMOVE THEIR HOME FROMTHE MARKET COMPLETELY DUE TO CORONAVIRUS (COVID-19)?


TOTAL 989

Not sure

No

Yes, removedhomes

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%


Not sure

No

Yes, removed homes



| PG #12 |


4 / 5

3.89% 38

79.51% 776

73.87% 721

52.66% 514

33.20% 324

37.81% 369

Q4 IN REGARDS TO CORONAVIRUS (COVID-19), HAVE YOU SEENANY OF THE FOLLOWING CHANGES IN HOME SELLER LISTING

BEHAVIOR?Answered: 976 Skipped: 14


No changes

Stop openhouses

Buyers need touse hand...

Will not allowbuyers in...

Restrictlisting...

Buyersrequired to...

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%


No changes

Stop open houses

Buyers need to use hand sanitizer/wash hands upon entering

Will not allow buyers in w/shoes/need to wear footies

Restrict listing presentations

Buyers required to wear gloves

COVID-19 Impact: Home Seller Listing BehaviorOhio REALTORS Flash Survey: Residential Economic Pulse

4 / 5

3.89% 38

79.51% 776

73.87% 721

52.66% 514

33.20% 324

37.81% 369

Q4 IN REGARDS TO CORONAVIRUS (COVID-19), HAVE YOU SEENANY OF THE FOLLOWING CHANGES IN HOME SELLER LISTING

BEHAVIOR?Answered: 976 Skipped: 14


No changes

Stop openhouses

Buyers need touse hand...

Will not allowbuyers in...

Restrictlisting...

Buyersrequired to...

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%


No changes

Stop open houses

Buyers need to use hand sanitizer/wash hands upon entering

Will not allow buyers in w/shoes/need to wear footies

Restrict listing presentations

Buyers required to wear gloves



| PG #13 |

COVID-19 Impact: MLS Policy Change


5 / 5

29.24% 288

25.69% 253

45.08% 444

Q5 Has your MLS changed its policy so that properties can stay activewithout being shown during the COVID-19 crisis?


TOTAL 985

Yes

No

Unsure

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%


Yes

No

Unsure


5 / 5

29.24% 288

25.69% 253

45.08% 444

Q5 Has your MLS changed its policy so that properties can stay activewithout being shown during the COVID-19 crisis?


TOTAL 985

Yes

No

Unsure

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%


Yes

No

Unsure

The survey had 1,072 responses. For 93 percent of respondents,

the majority of their business is residential. For 7 percent of

respondents, the majority of their business is commercial.

Ohio REALTORS® is Ohio’s largest professional trade

association, representing more than 33,000 members,

including the profession’s institutes, societies and councils,

involved in all aspects of the real estate industry. Ohio

REALTORS® membership includes brokers, salespeople,

property managers, appraisers, counselors and others

engaged in both residential and commercial real estate.

The term REALTOR® is a registered collective membership

mark that identifies a real estate professional who is a member

of the National Association of REALTORS® and subscribes

to its strict Code of Ethics.

Working for Ohio’s property owners, Ohio REALTORS®

provides a facility for professional development, research and

exchange of information among its members and to the public

and government for the purpose of preserving the free

enterprise system and the right to own real property.

ABOUT

| PG #14 |

200 East Town Street Columbus, OH 43215 | www.ohiorealtors.org

Flash Survey: Economic Pulse - Ohio REALTORSResidential Economic Pulse April 8 2020 | PG #9 |...

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