- A recent realtor.com survey revealed that buyers are still considering moving forward with the home-buying process, even if they can’t see the home in-person.
- While they still prefer to physically see a home, virtual home tours and accurate listing information top the list of tech specs buyers find most helpful in today’s process.
- Reach out to a local real estate professional today to determine how technology can help power your home search.
Social distancing of a minimum of 6′ must be maintained at all times while on the course or court. This is regardless of household status.
The tennis and paddle tennis courts are open during daylight hours.
No guests are allowed on the common area recreation areas including the sport courts, golf course, bocce ball courts, shuffleboard or chess set.
For now, no gathering to talk in small groups, per the revised order from the County Health Officer.
We will monitor the health orders and update as necessary.
Additional Rules for the Golf Course
A distance of 30′ must be maintained between groups playing on the course and on each hole. That means on the fairway and behind the T box area and between play areas. Remember the 6′ distance for each player in each group.
Up to 4 residents may play at a time while abiding by the 6′ and 30′ spacing.
You must stay at least 6′ away from patio outer edges and walls. If you must get a ball in that area, pick it up and move it. Do not play it in that area.
Due to the county order, there will be no flag sticks
Only approved motorized carts are allowed.
Abiding by the rules is up to each individual participant. If these rules are not followed, further restrictions will be made including closing the areas if needed.
With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market?
What is a recession?
According to the National Bureau of Economic Research:
“A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”
COVID-19 hit the pause button on the American economy in the middle of March. Goldman Sachs, JP Morgan, and Morgan Stanley are all calling for a deep dive in the economy in the second quarter of this year. Though we may not yet be in a recession by the technical definition of the word today, most believe history will show we were in one from April to June.
Does that mean we’re headed for another housing crash?
Many fear a recession will mean a repeat of the housing crash that occurred during the Great Recession of 2006-2008. The past, however, shows us that most recessions do not adversely impact home values. Doug Brien, CEO of Mynd Property Management, explains:
“With the exception of two recessions, the Great Recession from 2007-2009, & the Gulf War recession from 1990-1991, no other recessions have impacted the U.S. housing market, according to Freddie Mac Home Price Index data collected from 1975 to 2018.”
What are the experts saying this time?
This is what three economic leaders are saying about the housing connection to this recession:
“The housing sector enters this recession underbuilt rather than overbuilt…That means as the economy rebounds – which it will at some stage – housing is set to help lead the way out.”
“Last time housing led the recession…This time it’s poised to bring us out. This is the Great Recession for leisure, hospitality, trade and transportation in that this recession will feel as bad as the Great Recession did to housing.”
John Burns, founder of John Burns Consulting, also revealed that his firm’s research concluded that recessions caused by a pandemic usually do not significantly impact home values:
“Historical analysis showed us that pandemics are usually V-shaped (sharp recessions that recover quickly enough to provide little damage to home prices).”
If we’re not in a recession yet, we’re about to be in one. This time, however, housing will be the sector that leads the economic recovery.
Tomorrow’s Inside Leisure Village will be available
“outside” the East entrance to the Rec center.
Feel free to take a few for your neighbors!