The COVID-19 Pandemic Has Impacted Everyone and Travis White Newport Beach Realtor Is Here To Review the Impact of the Pandemic on the Real Estate Market
Newport Beach, CA / The COVID-19 pandemic has fundamentally changed the world as we know it. During the past few months, there have been some major changes as businesses have been forced to lay people off just to keep their doors open, families are dealing with a significant amount of uncertainty, and countries have been forced to close their borders. The impact on the real estate industry has been significant and Travis White Newport Beach Realtor is here to discuss the impact of the pandemic on real estate.
Travis White Newport Beach Realtor Highlights the Advantages of Investing in Real Estate
First, Travis White Newport Beach Realtor would like everyone to know about the advantages of investing in real estate. In general, real estate is supposed to appreciate in value. Unlike a car, real estate should go up in value over time. Travis White Newport Beach Realtor wants everyone to know that there are two major ways that people can make money in real estate. The first is through capital appreciation, which is where real estate goes up in value. The second is through income, which comes in the form of rent. When this is combined with the ability to diversify investments through real estate, the benefits are significant.
Travis White Newport Beach Realtor Explores the Impact of the Coronavirus Pandemic on the Real Estate Market
Travis White Newport Beach Realtor knows that every industry has felt the sting of the pandemic. In the world of real estate, the reality is that many people do not want to move right now because they are unable to go and visit homes in person. This makes it hard to look at real estate while also abiding by social distancing guidelines. At the same time, Travis White Newport Beach Realtor knows that the industry has been able to adjust. Now, people are able to take virtual tours of potential properties thanks to video conferencing technology, drones, and more. These changes have shifted the manner in which real estate operates.
Travis White Newport Beach Realtor Discusses the Changes That Will Remain After the Pandemic
Travis White Newport Beach Realtor understands that the virus is going to be with us until we have a vaccine. At the same time, Travis White Newport Beach Realtor thinks that some of these changes are going to be permanent. For example, drones have the ability to showcase properties from a unique perspective that cannot be found elsewhere. Therefore, he thinks that this change is going to be there to stay. It will be interesting to see how the real estate industry responds once the pandemic is in the rearview mirror.