April 2020

April 2020

HOW TO MOVE FORWARD

First and foremost, I hope you and your loved ones are staying healthy and safe at home. A HUGE shoutout to all our medical workers out there, and also to our teachers. What a whirlwind these past two weeks have been. I've been juggling home schooling (which is super hard!), managing escrows & clients, shed a few tears watching the news, but focusing on staying healthy and keeping my head clear with daily walks with our dog Russ and my family. During my walks, I've been staying up to date with daily webinars about the housing market, and new safety protocols and changes to the real estate industry.

On March 28th, Real Estate was listed as Essential Service. It doesn't change much though as we are only conducting virtual showings and appointments for everyone's safety. Real Estate is one of the major drivers of GDP in the US, so the more homes that are sold, the quicker the economy will recover. Every time a home is sold, we "employ" 27 people in a transaction. That's a lot of jobs! For now though we are seeing fewer new listings coming on the market due to Shelter In Place orders in San Diego. Next month I will have more specific housing stats to compare month over month numbers. What the experts are saying is that Covid 19 is NOT a repeat of 2008 on the Housing Market. Tragically, the impact will more resemble 9/11. We are likely in a recession already. They are not calling it that yet as they will analyze the economy over the next few months first. What the experts are saying is that when the Coronavirus situation is over, the economy will recover. How long it will take and how hard it gets hit first, nobody knows... So how do we move forward? Now more than ever, take your MEDS - Meditation/Mindset, Exercise, Diet and Sleep!


Thinking of you and your loved ones,
Janicke