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Wednesday, May 1, 2024

Real estate industry adapts to COVID-19 restrictions

Credit: TODAY’S TMJ4
Duration: 01:32s 0 shares 1 views

Real estate industry adapts to COVID-19 restrictions
Real estate industry adapts to COVID-19 restrictions

The real estate industry is one portion of Wisconsin's economy classified as essential under Gov.

Tony Evers' Safer at Home order.

EARLIER THIS MORNING... WEINTRODUCED YOU TO OUR NEWSERIES OF REPORTS WE'RECALLING "THE REBOUND." THESEARE STORIES THAT WILL HELP USNAVIGATE THESE UNCERTAINTIMES.

ONE INDUSTRY ADJUSTINGVERY QUICKLY TO THE CURRENTCLIMATE... IT'S CONSIDREDESSENTIAL UNDER THE GOVERNOR'SSAFER AT HOME ORDER.

LOCALREALTORS ARE STILL SELLINGHOUSES... BUT THE PROCESS ISDRAMATICALLY DIFFERENT.

PETEZERVAKIS HAS THAT STORY.THOSE WALK THROUGH TOURS WE'REALL USED TO BEFORE YOU BUY AHOUSE?

THEY LOOK A LOTDIFFERENT THESE DAYS... ááTHIS IS A DIGITAL TOUR OF AHOME.

IT'S A CONCEPT THAT'SBEEN AROUND A COUPLE OF YEARS.BUT IN THE WAKE OF THECOVID-19 OUTBREAK... "we'renow doing this for all of ourproperties" REALTOR TOM COMBSWANTS ALL CUSTOMERS TAKING A3-D TOUR BEFORE SCHEDULING ANIN-PERSON WALK THROUGH... TOLIMIT THE PEOPLE INSIDE HOUSESTO ESSENTIAL BUYERS.

The waywe interact, the way wereshowing houses, the way we'remarketing houses, has def.changed HE SAYS ... SO FAR:COVID'S 19 IMPACT ON HOUSINGPRICES HAS BEEN MINIMAL.

COMBSTHINKS THEY'LL REMAIN STABLE.BECAUSE DEMAND HAS OUTPACEDSUPPLY FOR THE LAST SEVERALYEARS.... DUE TO A GROWINGPOPULATION... AND OLDERAMERICANS STAYING IN THEIRHOMES LATER INTO LIFE.

7:33there are more buyers thanhouses to buy right now - soprices are staying at leastlevel.FOR THE FORESEEABLE FUTURE...COMBS AND HIS TEAM ARE TELLINGSELLERS TO LEAVE LIGHTS ON...AND EVEN LEAVE SOME DOORSOPEN... TO MINIMIZE TOUCHINGOF DOOR HANDLES AND LIGHTSWITCHES.

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