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What does COVID-19 Mean for Real Estate & You

Dear friends and clients, We are truly living in unique times. The coronavirus pandemic is having a dramatic impact on our lives, and our businesses. As the situation continues to unfold, I wanted to reach out and send well wishes for community-wide health, safety and support. These are challenging times for every citizen and every industry and I have received many calls and emails about not being able to pay the mortgage, and what options are available for homeowners to protect what many of us treasure the most, our home. I wanted to share with you some great articles and videos that I have found helpful and factual as we navigate through these challenging times together. As always, please feel free to reach out to me if you have any specific questions. Stay safe and healthy, Christine Kim

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Real Estate in the Short Term and Long Term

This is a great article that provides a macro view of COVID-19's effect on the real estate industry as a whole.

https://www.forbes.com/sites/bradhunter/2020/03/24/coronavirus-impacts-on-real-estate--why-you-need-to-think-short-term-and-longer-term/#3bc844e45f6f
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Hear Chief Economist for the National Association of Realtors

Dr. Lawrence Yun, one of the top economist in the world who provides his opinion and states, "This too, shall pass". A fantastic listen to hear his take on the impact of the COVID pandemic and how it relates to pressing questions that homeowners and real estate professionals have. Will home values tank? What does 0% fed rate mean?

https://www.youtube.com/watch?v=CMeQhwAnvPI
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Find out about Mortgage Relief Options available due to COVID

Are you worried about potentially not being able to make payments in the future due to potential job or income loss? Be sure to call your banking institution and find out about options. Many lenders are offering various programs to help you through this time.

https://www.forbes.com/sites/brendarichardson/2020/03/13/mortgage-relief-options-are-available-to-homeowners-affected-by-coronavirus-safety-measures/#44a2ded553ab
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What the Government Stimulus Package means for Real Estate

This is interesting view on how the recent stimulus package will impact the various sectors of the real estate industry.

https://therealdeal.com/national/2020/03/25/massive-stimulus-package-has-limited-upside-for-real-estate/?utm_source=internal&utm_medium=widget&utm_campaign=feature_posts
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COVID-19, Real Estate and Living Thru History

Some interesting reading about the history of major events and their effects on the real estate.

https://unionstreetmedia.com/covid-19-real-estate-and-living-thru-history/
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It's a Great Time to Organize and "Bring Joy" to your Home!

If you find yourself looking for something to do at home, it's a great time to organize your living and declutter to find more space!

https://youtu.be/ZIhZxHX1URY
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Don't Forget to Practice Social Distancing! :)

A little humor to brighten your day!

https://youtu.be/MOIMo5S1tM4
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