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In recent days, many clients have asked my thoughts on what is in store for the housing market. Obviously, this time is uncharted waters. On February 29th, we had record low unemployment and home prices increased for the 90th consecutive month. Home prices continued to rise because there continued to be a home shortage based on population, this has not changed. Although we are in the mist of an economic quarantine, there is reason to be optimistic. There are economic stimulus packages being worked on as this is being written and countries seeing Covid-19 mitigation such as South Korea and China, are already seeing their economies making a rebound.

The sky is  not falling. During the most recent recessions of the 80’s and 90’s and the short down turn after Sept. 11th, home prices actually rose. The only exception was the ’07-’09 recession, which was brought on by a combination of a loose banking industry and home builders producing an oversupply of housing inventory. This is not the scenario we are in at this time.

Our current situation will have an effect on the real estate market for the short term. Most likely we will see a delay in the “spring selling season”. However, let’s remain positive, homeowners have not seen home values fall 30% and there is no reason to suspect they will.

In the meantime, enjoy the extra time with your family and continue getting to know your neighbors, from a distance, of course. We will get through this together!

Feel free to contact me to discuss your specific real estate needs at this time.
 

 

Kristen Markovich, P. A.
Sales Professional
Cell: (305) 613-4379
Office: (305) 613-4379
kmarkorealtor@gmail.com


Office:

Miami / Coral Gables
135 San Lorenzo Ave. Ste. 150
Coral Gables, FL 33146
 

Check out what my customers are saying

"Kristen is a great realtor but beyond all she is an amazing person. Aside from her professionalism and dedication to you as a customer, my wife and I just felt we were dealing with someone who understood our needs and was looking out for our best interest. I highly recommend her services!!!"
Jose S.
"Kristin sold my condo in 4 days, while others in my community were for sale for months. The closing process went smoothly and all while the county was recovering from Hurricane Irma. "
Jacki M.

New to Market. Contact me for your private showing.

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Kristen Markovich, P. A. 
Contact Info:
Email: kmarkorealtor@gmail.com
 
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Featured Property
Properties I've Sold (19) 
Beds:
4
Baths:
3.00
Sq.Ft.:
1,432
Status:
Active
MLS#:
A10748361
Type:
Single Family, Ranch
Subdivision:
MC KEEVER TERR NO 3
Lot size:
7,179 Acres
Year built:
1955
Courtesy: Berkshire Hathaway HomeServices Florida Realty
Last Updated: 4/3/2020 5:17 PM

Back on the market pending cancelation, Just a block away from Tropical Park and palmetto expressway. Westchester home with newer roof and AC consists of 3 bedroom / 2 bath home + 1 bedroom 1 bath inlaw. Vaulted ceilings make this home light and bright, waiting for your personal touches. Room for a pool, space to park a boat. Conveniently located in between Bird Rd. and Miller Dr. just minutes away from 826 or the Turnpike. Close proximity to schools, shopping and downtown. Schedule your showing today easy to show call L/A for more details