Virtual Transactions, Luxury Homes, & A Little Bit of SALT
- AGENT 1
- Nov 11, 2020
- 2 min read
Real estate š transactions have gone largely digital š„ as the pandemic has disrupted nearly every aspect of home buying, from house hunting šµļøāāļø to securing a mortgage, getting an appraisal š², notarizing documents š and signing the final closing documents.
Many of the people who say š¬ "I want to be frugal" don't really want to live frugally. They'd probably be more accurate ā to say, "I want to live well." In my experience, they simply don't know about a vehicle š for wealth š° creation like carefully purchased real estate.
Weāre in the waning š days of 2020 2ļøā£0ļøā£2ļøā£0ļøā£, but the events of this year will have a lasting impact on the real estate market, according to a new white paper š from Lima One Capital. MPA recently chatted with Robert Neely, director of marketing for Lima One, about which trends š real estate investors should watch out for in the coming year š.
While many stalwart industries reel š£ from the impact of the global pandemic, the luxury šresidential real estate market continues to show remarkable resiliency. Fueled ā½ļø by a myriad of factors -- among them, a flight š« from high-density urban š areas to more suburban, single-family home š” and estate-focused settings -- the world's millionaires š°(some 47 million strong) have redefined luxury living.
The news š over the weekend that former Vice President Joe Biden is now president-elect elicited positive š reactions from several real estate leaders who saw the upside š for the housing market. Bidenās housing proposals include a $15,000 first-time homebuyer tax š§¾ credit and he will focus on fair housing and affordable housing š” issues. He is also likely to appoint a new head of the Federal Housing Finance Agency.
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