Tag: pandemic

Real estate presents ‘a lot of opportunity’ as pandemic hurts assets

A view of East London from an aerial view. As the sun sets its glow is captured on the skyscrapers of Canary Wharf – the second business district of London.

Ray Wise | Moment | Getty Images

Opportunity abounds for investors looking to seize on distressed real estate assets in the wake of the coronavirus pandemic, according to one of London’s prime real estate investors.

Thomas Balashev, founder and CEO of Montague Real Estate, said real estate has been unduly hammered during the downturn, creating opportunities for buyers to make gains as the economy recovers.

“I think it goes without

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The Juggling Act of Trying To Buy and Sell a House During a Pandemic

Buying and selling a home simultaneously is a stressful juggling act at any point. So what’s it like to simultaneously buy and sell real estate during the coronavirus pandemic?

In April, my husband and I found out just how arduous this process could get when we decided to put our Chicago condo on the market. Our goal was to move out of state to live closer to family, and we’d hoped to time our property sale and purchase around the same time.

But the novel coronavirus quickly threw a wrench in these plans—and taught us a ton in the

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Trying to buy or sell your home during the coronavirus pandemic? Here are some tips from the pros

Despite the coronavirus pandemic, the housing market is thriving.

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Compared to the near standstill this spring due to stay-at-home orders, home sales are climbing at a record pace. The National Association of Realtors reported a 20 percent jump in existing homes sales in June.

“Incredible as it is, the real estate market is hot,” Lawrence Yun, chief economist with the National Association of Realtors, told PennLive reporter Julia Hatmaker.

The central Pennsylvania market, much like the rest of the nation, is a seller’s market due to a low inventory of available homes versus demand.

While people continue

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