The beginning of April is typically real estate’s busy season, with sellers hosting open houses and buyers out touring properties. This year’s been much different, as the COVID-19 pandemic has prompted stay-at-home orders across our state, and companies nationwide, including Long & Foster, have taken to conducting business virtually.
The way I’m serving clients like you is different, but my commitment to your safety and satisfaction is unchanged. Many consumers have hit the pause button—taking this time instead to focus on their families, but demand has not fundamentally shifted. Likewise, some need to make a move and are leveraging low-interest rates to do so. As of April 9, the 30-year fixed rate was an attractive 3.33%, according to Freddie Mac, prompting refinances for current owners and increasing buying power for shoppers.
For those consumers who are currently buying or selling, our team is leveraging technology to support you while following CDC guidelines for social distancing. From virtual tours to online closings, we’re helping consumers find their way home, from home. This past week alone, Long & Foster added over 650 new listings with almost $500 million in real estate going under contract.
Taking the long view gives us a better look at where we’re headed, and I’m confident that by working together, we’ll come out even stronger. As always, I’m here for you and just a phone call, email, or video chat away.
