The State of the Market During the COVID-19 Pandemic

The nationwide stay-at-home ordinances have presented a challenge for all industries, including real estate. Here’s how we’ve adapted.

These are trying times, but rest assured that we’re all in this together. Since many are unsure about how the world can continue to function with everyone sheltering in place, today I thought I’d give you an update on how the market is doing during quarantine, as well as how we in real estate are adapting to the challenge. Many senior banks are allowing borrowers a forbearance on their mortgage payments if their income has been affected by the outbreak. However, there is a difference between forbearance and deferment, so be sure to speak with your lender about the differences and what they mean to you. To hear more, watch this short video.