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How Covid-19 Has Impacted Real Estate and The Housing Market.
From:
Eugenia Foxworth, Realtor, Foxworth Realty Eugenia Foxworth, Realtor, Foxworth Realty
New York , NY
Tuesday, March 24, 2020


Eugenia Foxworth, Realtor, Foxworth Realty
 

How COVID-19 has impacted real estate and the housing market:

  1. Buyers were coming out, emailing and requesting to see apartments and homes prior to the coronavirus.  It is a buyer's market and many properties were on the market.  Sellers were reducing the prices as well.
  2. Because many of our clients work until 5:00 p.m. we had begun showing in the evenings.  We had quite a few people also requesting to view the properties.
  3. We are doing virtual tours.  We had stopped doing open houses and only by appointment before NYS told us to "shut down". But we were doing as follows:
  1. We had sanitizers in the property and booties to cover shoes.  Most buildings had sanitizers, Lysol etc in the lobby
  2. An occasional email from agents asking if a property is still available, as well as Zillow, Streeteasy or Realtor.com inquiry has been received.  However, we have not had requests for an appointment.
  1. Management Companies are closed.  I have emailed and texted one of the largest companies to ask about sending Board Packages and I have not received a response.
  2. I have received emails and eblasts announcing new listings – so things are active.
  3. There have been more calls from investors to make Offers sight unseen
  4. The coops, and condo market is quiet.
  5. People have called me about renting houses short term for three or four months in the outer boroughs, the Hamptons and upstate New York.

 

 

News Media Interview Contact
Name: Eugenia Foxworth, CIPS,NYRS,MW
Title: Owner/Broker
Group: Foxworth Realty
Dateline: New York, NY United States
Direct Phone: 212-368-4902
Cell Phone: 917-301-2479
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