Novel Coronavirus
We know the real estate community is squeezed by what we have to do to stop the spread of the pandemic of coronavirus. But thank God we have technology, right? We have been in quarantine now for two weeks or more I’ve lost count. We have way more to go. It’s a huge inconvenience: I…
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This is the ten million dollar question on every agent’s mind this minute: how much will COVID-19 affect the housing market? Most specifically, the LOCAL housing market. OUR housing market? It’s still early in the game. On Friday. I listened to real estate tech strategist Mike DelPrete’s “The Real Estate Pandemic Survival Guide.” It’s 50%…
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According to the most recent Dallas County shelter-in-place orders, residential home construction is considered an essential business. However, builders are expected to take measures to prevent the spread of COVID-19 among crews and subcontractors. Dallas County Judge Clay Jenkins amended his order earlier this week outlining the different protective measures builders must engage in order…
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Luxury homebuilder Mark Molthan struggles for words when it comes to describing the current state of the industry. “It’s weird, almost surreal,” Molthan says. “On the job site, everything seems normal. Everyone’s working. But then you leave, you turn on the news, and suddenly you’re in this anxiety-fueled environment.” Along with having his crews operating…
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In California, one of the states hardest hit by the disease caused by the novel coronavirus — COVID-19 — the MLS board has opted to pause the days on market (DOM) count for current listings. The rationale is that with slower foot traffic thanks to shelter-in-place orders, DOM is not necessarily an accurate indicator of…
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