May 2020

Found 4 blog entries for May 2020.

Housing Market Positioned to Bring Back the Economy

Housing Market Positioned to Bring Back the Economy | Kathryn Vallee

In Park City, it has been since March 9, 2020 since the stay-at-home orders and social distancing measures began. As for the United States, it has been 8-12 weeks since the first stay-at-home orders were announced for many states amid the coronavirus pandemic. For several weeks now,  I have had many conversations about the Park City and the real estate market in general. There is apprehension about the future and  "The American economy" and "The world economy".

All eyes look toward the future.

 

Many states are beginning to reopen, the question becomes "Is The Housing Market Positioned To Bring Back The

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What The Experts Have To Say About "The Coming Housing Market"

May 14, 2020

Lawrence Yun, NAR’s chief economist, said. “Plenty of buyers also appear ready to take advantage of record-low mortgage rates and the stability that comes with these locked-in monthly payments into future years.”

The National Association of Realtor conducted a survey between May 3 - 4, 2020, asking members in the latest Economic Pulse Flash Survey; how the coronavirus outbreak has impacted the residential and commercial real estate markets. Here are the highlights of the survey:

  • Five percent of Realtors said their clients are shifting neighborhood preferences from urban areas to suburban areas due to COVID-19.
  • About one in eight Realtors – 13% – said buyers
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Park City April 2020 Real Estate Market Report: 

Weekly Trends Report Ending May 2, 2020 to May 9, 2020

We started to see the impact of COVID19 on the real estate market for both Summit and Wasatch counties as the first quarter of 2020 drew to a close, President Trump declared the Covid-19 pandemic a national emergency on Friday, February 29, 2020; the first time such a declaration has been issued over an infectious disease outbreak since the H1N1 influenza pandemic of 2009.

Is the Park City Housing Market In Trouble?

For those who remember 2008, it’s logical to ask that question. Today, we face a very different challenge: an external health crisis that has caused a pause in much of the economy and a major shutdown of many parts of the

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BREAKING NEWS:

Summit County, Utah 

The following requirements have just been issued by Summit County effective May 1, 2020.

Real Estate Activities

Summit County continues to ban open houses and therefore no property showings should take place in Summit County without an appointment.

• Realtors, clients, or other related real estate services are to travel in separate vehicles to any real estate related service or transaction.

• Real estate offices will be managed so that it can only be open to the agents/employees or clientele of an agent that are a part of that office. Office occupancy will be limited and managed so that no more than (ten) 10 individuals will be in the office at any one time. Any client meetings in offices and

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