Blog

How Technology is Helping Buyers Navigate the Home Search Process

  • 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.

New Rules for Leisure Village Golf Course and Sports Courts

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.

Recession? Yes. Housing Crash? No.

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:

Robert Dietz, Chief Economist with NAHB

“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.”

Ali Wolf, Chief Economist with Meyers Research

“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).”

Bottom Line

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.

http://www.ILoveLeisureVillage.com

 

Face Mask Distribution Tomorrow 4/1

Face Mask Distribution TOMORROW
On Wednesday, April 1, disposable face masks will be available free of charge to Village residents from 10 AM – noon at the front entrance of the Recreation Center. The masks will be distributed to Villagers in cars via a drive-through line just off of Leisure Village Drive or to those who walk up to the location. Donated to Leisure Village by a Camarillo business, the masks are “single use,” 3-ply surgical ear- loop type. Although these masks have a high filtration capacity, they are NOT intended to protect against the COVID-19 virus. They will, however, help catch your coughs and sneezes. Stay healthy, and don’t forget the importance of keeping Social Distances at the pick-up location and elsewhere.

Leisure Village Fitness Center is Closed

As a health precaution, The Fitness Center is closed until further notice. The decision to do so is based on the current difficulty to obtain the proper cleaning supplies necessary to protect the health of the residents who use the equipment. The sanitary wipes usually there are not available. So until those materials can be delivered to the Center, it will remain closed for the safety and health of the community.

The Difference an Hour Makes….

  • Don’t forget to set your clocks forward this Sunday, March 8 at 2:00 AM EST in observance of Daylight Saving Time, unless you’re a resident of Arizona or Hawaii!
  • Every hour in the United States, 568 homes are sold and median home values rise by $1.92.
  • As we “spring forward” this year, be sure to reach out to a local real estate professional to see how you can take advantage of every hour in the housing market.