COVID-19
The quarantine economy is hitting iBuyers hard as Inman reported today that real estate disruptor Opendoor has laid off 35 percent of its staff, approximately 600 employees, citing COVID-19’s unforeseen impact on the U.S. economy and housing. “Given the shelter-in-place guidelines, we’ve seen declines in the number of people buying, selling, and moving during this…
Although evidence shows that Dallas is doing its part to “flatten the curve” as almost 25,000 COVID-19 deaths have been reported nationwide, elected officials gathered Tuesday night to urge residents to keep doing what they’ve been doing. “The sacrifices you’ve been making since March 22 are paying off,” said Dallas County Judge Clay Jenkins during…
A Realtor asks a young couple, “Can you see yourselves being quarantined here?” in an internet meme that just a few weeks ago seemed funny. But here we are, a month in since federal government and local regulations have either strongly suggested or mandated that we stay inside our homes due to the international spread…
With jobless claims at record levels, the obvious concern for a broad swath of America is what to do when the rent or mortgage is due. Unfortunately, because of such overwhelming unemployment rates, nearly a quarter of Americans couldn’t make a full housing payment in the month of April. Luckily in Dallas, many landlords are…
Despite Dallas County Judge Clay Jenkins loosening restrictions around real estate showings, a Dallas attorney says the shelter-in-place order is “unconstitutional.” “It makes realtors, real estate agents, brokers look like people who need to be policed, like they need to be babysat,” Christopher Sullivan told NBC 5. “And I’ll tell you that’s the further thing…
