#KeriTV - Getting “REAL” about real estate

There is no denying the #coronviruspandemic took a toll on the real estate market. By mid February, buyers and sellers began to pull back as the uncertainty of the coronavirus began to make headlines. Fast forward two months and you see that predictions of a slow down (but not a crash) are coming into fruition. While sellers are taking a step back from the market, we are seeing there is no slow down in what buyers are doing.

ShowingTime is the real estate industry's leading showing management and market stats technology provider. ShowingTime stats for March 9th reveal showings went down by 70%. Two weeks ago, the showings were only down 27%. The #realestatemarket is definitely picking up proving amid quarantine there is still an ability to buy and sell. For more statistics and information on the status of the current real estate market, watch this week's full episode of #KeriTV!

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This closing was unique in many ways. This beautiful home located in Sherman Oaks, CA is one of the famous "Birdhouse" homes designed by William Mellenthin. We opened escrow for this home on the day the stock market crashed amidst the news of closures all across the nation due to the coronavirus pandemic. From appraisal renegotiation to loans not being approved, my client and I experienced every possible hiccup in the attempt to purchase this home.

But despite all the stress and roller coaster ride, the deal was officially closed. Watch this week's full episode of #KeriTV to learn how closings can still happen amidst the #coronavirus pandemic!

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With everything going on, many of you may be wondering whether we are heading towards another Great Recession as we experienced in 2008. While indeed a recession seems very imminent, things are a bit different today compared to the 2008 crash in regards to the housing market. While many people are speculating what will happen to the housing market, I did some research to compare what is happening today as to what happened in 2008.

For starters, the housing inventory available today in 2020 is much different compared to the inventory that was available in 2008. As of today, in Los Angeles, we are sitting at 1-3 months’ supply of inventory available for home buyers. During the 2008 recession, we had a 13 months’ supply. As you can tell, things are much different today as opposed to the 2008 housing market crash in terms of inventory. To learn more about key differences in today’s market compared to the 2008 crash, watch this week’s full episode of #KeriTV.

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If recent real estate trends have taught us anything, it’s that even amongst pandemic, real estate is STILL essential. Yes, inventory is tight. Yes, there is a fairly high buyer demand, BUT, the Los Angeles real estate market IS moving. Homes are being bought and sold with new listings each week, and we're also seeing less homes being taken off the market overall for both single-family homes and condos.

Where will the real estate market take us in quarter 2 and 3? Tune into today’s full episode of #KeriTV for a full market report and expert predictions.

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Meditation. Exercise. Diet. Sleep. Four things we ALL need to incorporate in our day-to-day lives to stay positive, collected and centered. Especially as we enter week five of #quarantine! Have you taken your MEDS today? Watch today's full episode of #KeriTV to learn more.

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The recent coronavirus pandemic has given birth to tons of fake news. From rumors, to social media, the spread of misinformation has been as rampant as never before. It is now more important than ever for individuals to stay well informed on factual information especially on topics that can have a very big impact on people’s lives. One of these topics is the latest eviction ban and rent/mortgage forgiveness laws. Many individuals are receiving false information in regards to this topic, so I am here to provide the truth about the latest California ordinance.

To start, the eviction ban states landlords must not evict residential tenants who are unable to pay rent because of loss of income from work, childcare costs related to school closures, healthcare costs, or “reasonable expenditures” related to COVID-19. In terms of actual rent/mortgage payments, you will still have to pay those, even if not at the moment. Watch this week’s full episode of #KeriTV to learn the truth about the latest #evictionban and rent/mortgage forgiveness ordinance!

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The California Real Estate Market continues to move despite the coronavirus outbreak. Since being announced as an essential service by The California Association of Realtors, we’ve seen more new properties on the market each week under new “safer at home” conditions, new contracts, and new opportunities for those who have the need to move, now!

Tune in to today’s episode of #KeriTV for a complete real estate market update of the Los Angeles area amidst the coronavirus pandemic.

To learn more about me and view my listings, connect with me on social!!

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As quarantine goes on, the financial hardships continue to mount. Fortunately, congress just passed the CARES Act into law which will provide some relief to small businesses that are in desperate need at the moment. Under the new CARES (Coronavirus Aid, Relief and Economic Security) Act, businesses may be eligible to apply for two separate loans. One of these loans is 100% forgivable if it’s used for its intended purpose, and the other loan includes a $10,000 component that is intended to be forgivable in full as well!  These loan programs are intended for small businesses with less than 500 employees. The first loan program available under the CARES Act is the Paycheck Protection Program (PPP). This loan is intended to cover short term payroll obligations and other approved expenses.  The second loan program is the Economic Injury Disaster Loan (EIDL). This loan advance will provide up to $10,000 of economic relief to small businesses that are experiencing temporary difficulties due to the coronavirus pandemic. Watch this week's full episode of #KeriTV to learn more about the CARES Act and #PPP and #EIDL loan programs.  Don't forget to learn more and apply for these program at: https://www.sba.gov/funding-programs/...

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Finding and maintaining a work-life balance is the key to staying sane while under quarantine. For me that means having dedicated “working hours” as well as dedicated “entertainment hours.” Which leads me to the question… What's everyone doing to keep entertained?

Movies are high on the entertainment list for a lot of us, but, with so many movies to choose from, how do you decide? In this episode of the #KeriTV Quarantine Diaries I’m diving into some of my top 5 favorite movies in two different genres. Some of which just might surprise you. 😉  

Which of these flicks will you be watching this weekend?

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This past weekend, residential real estate sales were added to the list of essential services from the U.S. Department of Homeland Security Cybersecurity and Infrastructure Security Agency. The California Association of Realtors announced Saturday, March 28, that commercial and residential real estate services were now part of the essential business services list. While this is definitely great news for the California real estate market, the coronavirus outbreak continues to negatively impact the market.

Recent data shows listings are detrimentally being impacted in the Los Angeles area with the ongoing coronavirus news. For an updated list of Los Angeles listings data and a real estate market update amidst the coronavirus pandemic, watch this week’s full episode of #KeriTV.

To learn more about me and view my listings, connect with me on social!!

Instagram: https://www.instagram.com/keriannkeriann/ 

Facebook: https://www.facebook.com/Keriwhiteteam1 

LinkedIn: https://www.linkedin.com/in/keriwhite1