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RE Rundown (10/22/20)

The housing market faced a lot of uncertainty 🤷‍♂️ when COVID-19 caused the real estate industry to pause ⏯ under shut-downs, but low interest rates 🏦 and the desire for more space has “It’s been a circus, really,” 🎪 said Anthony Lamacchia, Realtor and owner of Lamacchia Realty in the Boston suburbs. “Anything right outside of Boston is going like wildfire 🔥, but especially the single-family homes 🏡.”

In the world’s big financial centers — from New York 🗽 to Toronto 🍁 to London 💂‍♀️ to Sydney 🦘— rents for city apartments are plunging. International students 👩‍🎓👨‍🎓 who normally bolster demand are stuck at home and young renters — the most mobile group in real estate — are finding fewer reasons to pay a premium 🤑 to live in what is, for now, no longer the center of things 🌃.

The house-hunting 🏠🕵️ bonanza that gripped many Americans 🇺🇸 along with the resilience of the real estate market has been one of the biggest surprises 😱 of 2020. The COVID-19 pandemic, the loss of millions of jobs 👨‍🍳, a weaker economy—none of it stopped millions of house hunters from flocking to Zillow, Redfin, and other online platforms to browse, plan their move, and, in many cases, purchase 💰 their first home.

Political 📮 season is here, as evidenced by the barrage of news 📰 commentary and political ads. Unfortunately, it has arrived in the midst of a global 🌍 pandemic and some

Political season on its own can pose challenges 😩 when you’re in a service industry, especially real estate 👩‍💼 because you meet and work with a wide range of people.

Is your real estate agent packing? Not filling boxes 📦 to help you move, but “packing heat 🔥” — as in carrying a gun 🔫? Many agents are doing just that these days to protect 🛡themselves when showing houses to complete strangers, or listing houses for sellers they aren’t familiar 🤷‍♀️ with, according to the National Association of Realtors.



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