In May and June, the Hobby School of Public Affairs at the University of Houston asked members of Texas REALTORS® how the COVID-19 pandemic has affected their real estate businesses. Here are selected findings from the survey results. You can find the full report at

How will the 2020 home sales market compare to 2019?
18% Decline dramatically
45% Decline a little
18% Stay the same
16% Increase a little
2% Increase dramatically

Top challenges once you can conduct business normally
Lack of inventory
Buyer access to financing
Decline in buyers

Income expectations for 2020
23% Increase
19% No change
59% Decrease

51% of members lost transactions due to the pandemic

Are you worried about economic recovery?
50% Somewhat
29% Very

What threat does the pandemic pose to your business?
39% I’m adapting by learning new skills and strengthening client relationships
36% It’s a short-term hit; things will get back to normal
5% It’s going to put me out of business
20% Not sure

81% of members found the COVID-19 information from Texas REALTORS® helpful

Which concern is more important?
42% Risk that a loved one contracts COVID-19
58% Economic downturn

38% of members applied for a Paycheck Protection Program grant, an Economic Injury Disaster Loan, or both. Of those who applied, 63% received funds

23% of members applied for unemployment benefits and received payments
9% applied for unemployment benefits but had not received payments

1% of members contracted COVID-19
1% had a household member (other than themselves) contract COVID-19
38% know someone outside their household who contracted COVID-19

80% of property managers reported at least some tenants failing to pay timely rent in April and May

33% of members with active listings reported their clients were concerned about people entering their homes

30% of members experienced delays due to courts or government offices being closed

51% of members taken continuing education courses during the pandemic