Corona virus and real estate -The impact of corona virus on real estate

Corona virus and real estate -The impact of corona virus on real estate
In real estate, we often talk about Seller’s market, Buyer’s market and now there is a new category: Coronavirus (COVID-19) Market as we talk most of all about Coronavirus (COVID-19) and how it affects the real estate market.
What is going on in real estate and we will focus on the tremendous efforts made from our federal and local governments and organization, lawmakers, our public and private sectors, banking institutions, lenders and most of all, from us all- the real estate practitioners, to ensure that the home-buying and home-selling process remains as unaffected as possible by the Coronavirus (COVID-19) pandemic.
If you’re already in the market for a house, all the uncertainty might have you worried about the housing market. Will it suffer a drop similar to Wall Street? Here we cover both real estate markets, residential and commercial and the impact of coronavirus on real estate/
Now, let’s review what are the major positive aspects and steps taken by federal and local governments, lawmakers, lenders and us, real estate practitioners, in order to bring a much needed sense of normalcy, hope and optimism, as this too shall pass. but, missed opportunities and shattered dreams will be just that.
👉 30-Year Mortgage Rate Drops This Week to 3.5%
The combination of the Fed’s actions and pending economic stimulus will provide substantial support to the mortgage markets.The 15-year, fixed-rate mortgage average 2.92% with an average 0.6 points. A year ago it average 3.57%.
👉 Moratorium on foreclosures
👉 SBA Announces Fla. Disaster Assistance for Small Businesses
For additional information, contact the SBA Disaster Assistance Customer Service Center at 1-800-659-2955 (TTY: 1-800-877-8339) or e-mail disastercustomerservice@sba.gov. The deadline to apply for an Economic Injury Disaster Loan is Dec. 18, 2020
👉 Housing is an essential need and Realtors in Florida need to continue to work to provide it but only in a safe format.
👉 If you are relocating, but travel is not an option now, that’s easily arranged. By virtue of technology, the home can be delivered to you, literally!
👉 Electronic signing for paperwork and contracts.
👉 Remote notarizations nationally- Florida is one of the 23 states that recognized and adopted remote online notarization (RON) policies.
In closing, if your goal before COVID-19, was to: buy a home, sell your home and buy a bigger one, or to downsize, or- to relocate, you still should. We will continue to keep you informed on local, state, country and global real estate markets, as well as providing much needed assistance with your real estate needs in SE Florida right now. If you want to talk to about anything real estate related you call call/text 786-412-8510, or email: kate.smithfl@gmail.com Kate Smith, Hollywood FL
#WithMe #stayhomewithmemovement #stayhomewithme #coronavirusimpactonrealestate
Resources:
👉 Need support and inspiration, check out Stay Home #WithMe movement 👉 https://www.youtube.com/stayhome/
👉 COVID-How to stay positive? 👉 https://youtu.be/lyiI_XsYcXc 👀
👉 COVID-19-Links & Resources (YT)- bit.ly/COVID-Links-Resources
👉 Stimulus Checks, Unemployment and the Coronavirus Bill- https://bit.ly/2Uvv0eC
👉 What you need to know now about COVID-19 in Florida
https://floridahealthcovid19.gov/
http://www.floridahealth.gov/newsroom/2020/03/032820-1800-covid19.pr.html
https://floridadisaster.org/globalassets/covid-19-data---daily-report-2020-03-28-1747.pdf
👉 How to Homeschool in Florida:
http://www.homeschoolingflorida.com/blog/how-to-homeschool-in-florida/
👉 The President’s Coronavirus Guidelines for America -- 15 Days to Slow the Spread of Coronavirus (COVID-19)- https://www.whitehouse.gov/wp-content/uploads/2020/03/03.16.20_coronavirus-guidance_8.5x11_315PM.pdf
👉 Selling a Home- Pricing Strategies 👉 https://youtu.be/TG_-Nf0MuSw
👉 SE Florida Market Forecast 👉 https://youtu.be/yJHQkNFs8oM
👉 Real Estate Market Hollywood FL 👉 https://youtu.be/GS40LE_ZgK0
👉 Moving to Hollywood 👉 https://youtu.be/qRTX19CI_S8
👉 Hollywood Beach and Hollywood Broadwalk 👉 https://youtu.be/PFjJL_MsWNM
👉 Selling Your Home How to Market Your House 👉 https://youtu.be/TG_-Nf0MuSw
👉 💯 BONUS: Download your FREE Guide Book 👇
👉 Relocation Guide For Buyers 👉 http://bit.ly/relo-guide-KSG
🏡 REAL ESTATE PROPERTY SEARCH: 👇
WEBSITE ▶️https://www.realtorkatesmith.com/
REAL ESTATE HOW TO’S? Do you want your home in Hollywood FL sold? Do you have a home sitting on the market for a long period of time? Are you an absentee Owner? Want more information about selling homes? Visit KATE SMITH REAL ESTATE BOOKS ➡️http://www.katesmithhollywoodrealtor.com
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