Can I View Homes Under the New Restrictions?

Real Estate has been declared an essential service here in NC.  This means we can continue to help folks who must move to find a place to live.  Whether you are a buyer or a seller, we all need roofs over their heads & many are relocating due to jobs, family, retirement & other reasons.

Today, I'm heading out with some folks to view homes.  I have plenty of wipes, sanitizer, towels, gloves etc.  I even have extra rolls of toilet paper in the back of my car!  Owners have approved the viewings, so we are good to go.  I'll miss hugging my clients (I'm a big hugger), but we'll do an air hug.

These people need to move.  They cannot wait.  

I am here to help you in whatever way you are most comfortable.  What's your timeline?  I am up-to-date with all the latest technology & ready to keep moving forward.  I'm conducting virtual meetings with folks who prefer so we can talk about their needs & goals & be ready for when things settle down.

Some of my services:

Thinking of putting your home on the market when all this is over.?  Get a free, accurate home valuation:
What is My Home's Value?

Relocating here?  Thinking of making a change?  Curious, bored, just feel like looking at homes? 
Home Search

Want to know the latest expert opinions about current conditions & market forcasts
Triangle Property Lines

I will continue my commitment to providing you the best service & will keep you posted on how things are going.

Don't hesitate to contact me for ANY reason!

Stock Market and Home Values

With the housing crash of 2006-2008 still alive in our memories, my clients are asking if I think the current correction in the stock market is a sign that home values are also about to tumble.

After researching expert opinions, it is clear that what’s taking place today is not like what happened the last time.

The S&P 500 did fall by over fifty percent from October 2007 to March 2009, and home values did depreciate in 2007, 2008, and 2009 – but that was because that economic slowdown was mainly caused by a collapsing real estate market and a meltdown in the mortgage market.  Homes were WAY overvalued & people were using them like ATMs to buy other things.  When values fell, folks were over-extended and had no equity (available cash) when they tried to sell.

This time, the stock market correction is being caused by an outside event (the coronavirus) with no connection to the housing industry. Many experts are saying the current situation is more reminiscent of the challenges we had when the dot.com crash was immediately followed by 9/11. 

As an example, David Rosenberg, Chief Economist with Gluskin Sheff + Associates Inc., recently explained:

“What 9/11 has in common with what is happening today is that this shock has also generated fear, angst and anxiety among the general public. People avoided crowds then as they believed another terrorist attack was coming and are acting the same today to avoid getting sick. The same parts of the economy are under pressure ─ airlines, leisure, hospitality, restaurants, entertainment ─ consumer discretionary services in general.”

Since the current situation resembles the stock market correction in the early 2000s, let’s review what happened to home values during that time.

The S&P dropped 45% between September 2000 and October 2002. Home prices, on the other hand, appreciated nicely at the same time. That stock market correction proved not to have any negative impact on home values.

If the current situation is more like the markets in the early 2000s versus the markets during the Great Recession, home values should be minimally affected, if at all.


I'm here & working for you.  Contact me with all your questions.

Triangle NC Real Estate Market & Covid-19

My heart goes out to everyone -- especially those at home with active children, seniors, healthcare workers, and local businesses.  We are all impacted by this pandemic and I would like you all to know that I am here to help as best I can.

To that end, I'm beginning a number of blogs on how this situation is affecting our local real estate market, what it means to you and what to do (and not do)..  here are some things to note:

A recession does not mean a housing crisis.  Homes are still selling and prices are remaining stable.  Things have slowed down a bit as we all adjust to a new way of doing business and there is some uncertainty regarding jobs.  There is no reason panic.

♦  Buyers:  I'm here vigorously keeping an eye on things and am available for you with video conferencing.  Here's how that works:  If you see a home you like, let me know.  I will set up an appointment & go to the home at a time that's convenient for you.  Then, via video conference (that I will set up), you and I will go through the home together so you can see what I see and ask questions.  All from the comfort and security of your home!

♦  Thinking of selling?  I will put my professional 10 point marketing plan in action for you to get your home seen by the right buyers, at the right price & sell quickly.  My listings sell within 2 weeks of going on market.  

♦  I will be happy to run an accurate Market Analysis of the current value of your home.  This way you can decide if now is the time for you to make a change.

♦  I will connect you with expert mortgage lenders who will let you know what your financial sitution is so you can make the right decision  You must be pre-qualified in order to put in an offer anyway, so let's find your comfortable price point.

♦  Tell me what you need, what your questions are and I will reply promptly.

I've lived through so many recessions and successfully ran a real estate business during the worst housing crisis in our history.  I was here for you then and I am here for you now.

Here in NC, Real Estate is considered an Essential Business.  This Realtor is IN!
I've got lots more info coming soon -- so stay tuned for the next chapter:  How is this different from the previous housing crisis?