COVID-19 in Asheville, North Carolina
As you are aware, the current novel corona-virus situation has impacted many people in the United States. We are certainly in unprecedented times and recognize many of you have concerns about your health and and the economic impacts of the coronavirus (COVID-19) around the world and specifically in Asheville, North Carolina.
The stock market has gone through a lot of volatility in the past couple weeks but real estate investment trusts have been paying huge dividend yields and attracted new investors into real estate play as a coronavirus safe haven.
The Federal Reserve’s cut in key interest rates last week makes millions of families strong buyer candidates. Brokers and lenders are working overtime and some have increased their rates to slowdown applications , but we expect the mortgage rates to go down by end of the month.
A quick study of our market stats for March shows a strong demand for housing inventory and lowers days on the market. We feel it’s important to educate our sellers and buyers about the market in these uncertain times and remind them that real estate is a recession-proof investment.
The Mountain Star Team of RE/MAX Executive is committed to protecting the safety and health of our clients, customers, vendors, associates and everyone in the communities we serve. We will continue to work remotely we will do everything possible to answer your real estate questions and be a valuable source of knowledge.
We continuously monitor updates and recommendations from the World Health Organization and U.S. Centers for Disease Control and Prevention (CDC), as well as local government agencies.
During remote operations, our entire team will be available by email, phone and video conferencing.
We encourage everyone to review NAR guidelines about Corona-virus and ( https://www.nar.realtor/coronavirus-a-guide-for-realtors ) and to consider ways to reduce interaction with others over the next few weeks.
We thank you for your continued support and trust in the Mountain Star Team of RE/MAX Executive.
From all of us, we hope you and your family stay safe and healthy. #mountainstarstrong #mountainstarteam #ashevillerealestate