Will COVID-19 change where people choose to live?

The pandemic might completely overturn recent trends.

Friends and Clients — The coronavirus pandemic is sure to have long-reaching consequences—some of which might surprise you. For example, the pandemic might completely overturn recent trends of where people choose to live. For the past three decades, people have increasingly preferred cities to suburbs. In fact, according to a recent study, each new generation of young people has been more and more likely to move to cities. Many stayed on in cities, even after getting married and having a family. Post coronavirus, that may well change. One obvious reason is health. Urban areas are more crowded with more inevitable interaction and possible exposure to viruses. Another reason is that shelter-in-place orders can be harder to bear in an urban apartment. By comparison, a house in the suburbs can offer more space, a backyard, and easier access to areas for biking, jogging, and spending time safely outdoors. Finally, workplaces are changing. Many people will continue to work from home after the pandemic passes. Along with the dropping cost of gas, this makes long commutes a much smaller issue. Unsurprisingly, a Harris poll performed on April 25 through April 27 found 46% of city dwellers are considering a move. This compares to 26% in the suburbs and 21% in rural areas. Home sales were still strong in March (7185 Home Sold in Maricopa County) and demand is extremely strong with both Maricopa County buyers and buyers coming in from out of state.  Our Team has experienced increased traffic to our listing and buyer inquires.  The Monique Walker Team had their best selling month in May so we can definitely vouch for increased activity. Of course, the pandemic is still ongoing. I hope this information will be useful in case you were thinking of buying or selling a home before the pandemic arrived—or now that it's here. If you are interested in buying a home, you can see the complete Phoenix listing of available homes here: Click here for all available Phoenix homes for sale If you've been thinking of selling your home, I can tell you demand is still very strong. In case you want to get an idea of what your home could sell for, take a look at this calculator which takes into account recent Phoenix sales: Enter your address here to find out what your home is currently worth As I said, the pandemic is sure to have long-term consequences. The situation is changing day by day, but I stay on top of local Phoenix market conditions and trends. I can help you make a smart decision given your particular situation. So if you have any questions—if you're buying, selling, or just looking for advice—give me a call at 602-413-8195. I'm here to help. Have a great day, Monique Walker RE/MAX Excalibur  Looking to buy a Phoenix Metro Market Home? Looking to sell your Phoenix Metro Market Home? Call me at (602) 413-8195 for a FREE home buying or selling consultation to answer any of your real estate questions. Tom Ross Bay Equity Home Loans (602) 791-5861 tross@bayeq.com Sincerely, Monique Walker RE/MAX Excalibur Phoenix, AZ Mobile: (602) 413-8195   Monique@MoniqueSells.com Monique Walker RE/MAX Excalibur 8510 E. Shea #100 Scottsdale, AZ 85260 Manage your preferences | Unsubscribe View this email online.

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Breaking down reverse mortgages

Who should consider getting one?

How Reverse Mortgages Work What exactly are reverse mortgages, and who should consider getting one? Reverse mortgages are for homeowners who are at least 62 years old, have accrued a decent amount of equity (roughly 50%), and don't want to have a mortgage payment for the rest of their lives. There are a lot of misconceptions out there surrounding these types of home loans, including fears about selling the property once the loan holder passes, but Tom Ross of Bay Equity Home Loans joins me to address these matters. To learn more about this unique product, watch this short video. Watch Our Video ▶ Looking to buy a Phoenix Metro Market Home? Looking to sell your Phoenix Metro Market Home? Call me at (602) 413-8195 for a FREE home buying or selling consultation to answer any of your real estate questions. Tom Ross Bay Equity Home Loans (602) 791-5861 tross@bayeq.com Sincerely, Monique Walker RE/MAX Excalibur Phoenix, AZ Mobile: (602) 413-8195   Monique@MoniqueSells.com Monique Walker RE/MAX Excalibur 8510 E. Shea #100 Scottsdale, AZ 85260 Manage your preferences | Unsubscribe View this email online.