Hi and welcome to the A16Z podcast, I'm Lauren Murrow. This episode is the first in a two-part series that examines the pandemic's impact on real estate. Part one focuses on prospective homebuyers, sellers, and existing homeowners.

Part 2 addresses renters and landlords.

How has social distancing shaken up the market to buy?

What's the ripple effect of eviction freezes

and a record number of homes and forbearance.

And how can tech streamline the inefficient process of renting, buying, or selling a home?

This episode features A16Z general partner, Alex Rumpel, who's invested in a number of real estate companies.

Loy Evans, Fannie Mae's senior vice president, and single family chief credit officer.

And to Chargharg, CEO Fly Homes, a company that helps buyers in competitive markets by purchasing

their desired house in cash and then selling it back to the buyer at the same price.

The discussion starts with the impact on home prices and volume, as well as the rumored

exodus from densely populated cities.

Then we shift to focus on existing homeowners.

And finally, we talk about the ways that tech can improve the system from hard tech to FinTech.

The first voice you'll hear after mine is two Shars, followed by Maloy.

I'd like to talk about how the crisis is affecting home buying and selling.

The pandemic has caused a historic drop in the supply of homes for sale.

When the shelter in place got put into place we were advising our own sellers to only sell if they really had to otherwise just wait and see what happens in the market because typically when you're selling a home the way the consumer

psychology works is that it's the first weekend is really critical because for

some reason if the house hasn't sold in good time people assume that there is a

problem with the house and the house itself

gets stigmatized in a very interesting way. Once the house becomes old on the market, not many people

...