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Virtual Transactions, Luxury Homes, & A Little Bit of SALT

Real estate ๐Ÿ˜ transactions have gone largely digital ๐Ÿ–ฅ as the pandemic has disrupted nearly every aspect of home buying, from house hunting ๐Ÿ•ต๏ธโ€โ™‚๏ธ to securing a mortgage, getting an appraisal ๐Ÿ’ฒ, notarizing documents ๐Ÿ“‘ and signing the final closing documents.

Many of the people who say ๐Ÿ’ฌ "I want to be frugal" don't really want to live frugally. They'd probably be more accurate โœ… to say, "I want to live well." In my experience, they simply don't know about a vehicle ๐Ÿš˜ for wealth ๐Ÿ’ฐ creation like carefully purchased real estate.

Weโ€™re in the waning ๐ŸŒ’ days of 2020 2๏ธโƒฃ0๏ธโƒฃ2๏ธโƒฃ0๏ธโƒฃ, but the events of this year will have a lasting impact on the real estate market, according to a new white paper ๐Ÿ“ƒ from Lima One Capital. MPA recently chatted with Robert Neely, director of marketing for Lima One, about which trends ๐Ÿ“ˆ real estate investors should watch out for in the coming year ๐Ÿ“†.

While many stalwart industries reel ๐ŸŽฃ from the impact of the global pandemic, the luxury ๐Ÿ’residential real estate market continues to show remarkable resiliency. Fueled โ›ฝ๏ธ by a myriad of factors -- among them, a flight ๐Ÿ›ซ from high-density urban ๐ŸŒ‡ areas to more suburban, single-family home ๐Ÿก and estate-focused settings -- the world's millionaires ๐Ÿ’ฐ(some 47 million strong) have redefined luxury living.

The news ๐Ÿ—ž over the weekend that former Vice President Joe Biden is now president-elect elicited positive ๐Ÿ‘ reactions from several real estate leaders who saw the upside ๐Ÿ†™ for the housing market. Bidenโ€™s housing proposals include a $15,000 first-time homebuyer tax ๐Ÿงพ credit and he will focus on fair housing and affordable housing ๐Ÿก issues. He is also likely to appoint a new head of the Federal Housing Finance Agency.



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