First off, let me begin with a big THANK YOU!. Thank you for staying vigilant while we all do our part to keep each other safe. Thank you for being a good neighbor. Thank you for being you.
These are not normal times. Not in our daily lives at home, not in our daily times at work (or lack thereof), and these are definitely not normal times in real estate.
As little as one month ago, it seemed that nothing could tighten the already tight Los Angeles area real estate market… but it’s been a long few weeks since we first began collectively taking precautions to slow the spread of the COVID-19 virus.
Government measures put in place to slow the virus’ spread and the weakening economic environment will surely have adverse effects on the local real estate market for the foreseeable future.
But there is hope. While face-to-face contracts are in sharp decline, there are digital technologies that are being used to show properties and even close deals.
Honestly, I don’t want to get into all the nuts and bolts of what might happen or how it might happen. Our number one concern as a community should be each other’s welfare. Yes, there are opportunities for buyers and sellers during tough times and I’ll be more than happy to discuss your current situation with you if you are thinking of buying or selling. But let us focus on how we can come together and help each other through these tough times. Pick up the phone, call or text someone you know. Talk to each other. A simple act of kindness can go a long way. We got this. Together, we will pull through and prosper. Be well.