Quick Updates on Real Estate Amidst the Coronavirus Era

Currently, the Los Angeles market finds itself grappling with the uncertainties surrounding the impact of the coronavirus. The recent stock market crash has undoubtedly stirred unease among some investors, leaving us uncertain about whether more will follow suit in this apprehensive atmosphere.

Amidst the numerous unknowns surrounding the duration of our battle against this pandemic, I maintain a firm belief that we will eventually regain control, and the stock market will rebound. In the interim, health officials are urging caution, advising us to be mindful of our interactions and emphasizing the importance of immediate hand hygiene.

As I sit here writing, I just received a call from my daughter's school, informing me that LAUSD will be shuttered for a minimum of two weeks, commencing on March 16th, with the possibility of an extension based on the evolving situation. My daily 4:00 am gym visits, once bustling with a dedicated group of fitness enthusiasts, are gradually dwindling in numbers.

The cancellation of sporting events, leagues, and various other public gatherings has become a common occurrence. Nevertheless, I maintain the view that the current climate presents an opportune time to consider purchasing a home, thanks to exceptionally favorable interest rates. Promisingly, vaccines have been swiftly developed and are progressing toward deployment to aid the afflicted. China, a nation initially hard-hit, is already on the path to recovery, providing a glimpse of hope that we, too, will emerge from this challenging period in due time, in my humble opinion.

Should you have any inquiries regarding the current market or require guidance, please feel free to reach out to me at 310-383-6281 or via email. Your concerns and queries are always welcome.