This was originally posted on May 4th 2020... Hint... Hint.... The week in review & a few scenes around LA... In Hollywood yesterday very few people and cars were out, Sunset Blvd a normally busy 6-lane boulevard was pretty empty except for a few cars. It was really neat to see. The pink butterflies are on a wall near Amoeba Records in Hollywood. .
Many people have asked, how is the market? Real estate agents have followed the stay-at-home orders put out by Mayor Eric Garcetti and Governor Newsom back on March 19th. Essentially there was a pause put on the real estate market which seems like an impossible thing to ask. Then on April 10th, real estate agents were re-classified as “essential” so we are allowed to do private showings as long as everyone wears a mask and preferably gloves and booties and maintains social distancing guidelines. It seems a bit impersonal to show a beautiful home with the sun out and the birds chirping while wearing a mask. Nonetheless happy to be as cautious as possible. . . Real estate agents are here to facilitate the buying and selling of property. We can comment on the value of a property, give you pricing strategies, give you advice on how to best position your home on the market if you are selling. However, real estate agents are not economists, we can’t predict the future. I read a ton of articles on debt deflation, the inverted yield curve, the 2008 financial collapse vs now and on and on... There are positive news articles and there are negative news articles. It seems like even the experts can’t agree. . . One thing that is in the back of my mind as a constant reminder, California back in 2017-2018 was the FIFTH largest economy in the world. In the world. And we are only one state in the entire country. It’s an amazing statistic. . . Lastly, Inman News wrote this post and I took a screen shot. I read predictions as an opinion, not necessarily fact. No one can predict the future and if Inman News are able to, then why didn’t they mention the economy shutting down sooner so we could buy more toilet paper? . . That’s this weeks, week in review.