July 2020 Housing Market Update

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Wow! The July real estate market came in with a bang and left with a boom (and I don’t just mean the Independence Day fireworks, although those were astounding). If you thought we were setting ourselves up for failure, by comparing this year to last year, given the fact that 2019 was such a good year for real estate and the overall economy: you were wrong. The housing market in July 2020 was actually BETTER, year over year, in more ways than one!

The WRA recently published: July 2020 Home Sales Report: Record July Home Sales Push Prices Up. Specifically, stated, “Wisconsin’s existing home sales hit a new record for the month of July, which increased prices by double digits, according to the most recent monthly analysis of the state housing market by the Wisconsin REALTORS® Association (WRA). Sales of existing homes rose 7.6% in July relative to that same month in 2019, and the median price rose to $226,400, which is 10.4% higher than July 2019. On a year-to-date basis, sales are now only slightly lower than this time last year, with sales in the first seven months of 2020 just 1.9% below the same period of 2019, and prices are up 8.4% to $213,000.”

In this month’s edition of Market Reports, by Metro MLS, they elaborated on this trend.

Healthy buyer demand and constrained supply continue to be the story for much of the country.  Nationally, showing activity in July remained substantially higher than a year before and multiple offer situations are a frequent experience in many markets. With the inventory of homes for sale still constrained, a competitive market for buyers shows little sign of waning.

[…]

While the number of unemployment insurance weekly initial claims have been far lower in recent weeks than their peak in March and April, more than 1 million new claims are still being filed each week and more 31 million were claiming benefits in all programs as of early July, compared to fewer than 2 million in July 2019. Despite this significant economic impact, home buyers remain extremely resilient. With mortgage rates remaining near record-low levels and home purchase mortgage applications up from a year ago, high buyer activity is expected to continue into the late summer and early fall market

Current as of August 10, 2020. All data from Metro MLS. Report © 2020 ShowingTime

Specifically, when we look at the charts below for Kenosha, Racine & Walworth Counties, as well as the hyperlocal market within which I work mostly, Lake Geneva – Delavan – Williams Bay, you’ll see these jumps in productivity specifically. The tri-county area had more sales July 2020 compared to July 2019 across the board!!! Each individual county was still down in new listings, but my local market went up. Finally, aside from Kenosha County, median sales price also went up in the month of July.

What is this saying overall? I believe we are seeing an influx of city-folk moving out to their favorite rural vacation destination full-time, given how many businesses have switched to remote function. I do not see this trend lasting forever. Listen up Potential Sellers: this is the hottest sellers market in recent history and we do not know exactly how long it will last, but only that it will not last forever!!! Potential Buyers: interest rates are at historic lows! Again: we do not know for how long only that it will not be like this forever.

July has come to pass; enjoy summer while it lasts. Don’t forget to stop and smell the roses, as few and far between as they may seem.

My July bloomed with accepted offers, vegetables from my dad’s garden, and funny memes.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT
KEEFE REAL ESTATE  |  LAKE GENEVA, WI 53147
PHONE 262.348.3253   |   262.215.1982
EMAIL   azambito@keeferealestate.com  |  anniezrealty@gmail.com
OFFICE   262.248.4492  |  www.keeferealestate.com    


Sources:

July 2020 Home Sales Report: Record July Home Sales Push Prices Up

Metro MLS. Report © 2020

June 2020 Housing Market

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Here in Wisconsin, the month of June represents carefree summertime livin’: grilled food, festivals, long holiday weekends, and plenty of sunshine. June 2020, however, was marked by civil rights protests against police brutality, violence, job loss, business closures, and month FOUR of this COVID-19 plague. During difficult times, I hold on by committing myself to find the silver lining. More than ever, having a home to stay in, for safety’s sake, is of the utmost importance.

In an article by Matthew Speakman of Zillow called, “June Existing Home Sales: Making Up For Lost Time” the national statistics for the month of June were layed out:

June existing home sales rose 20.7% from May to 4.72 million (SAAR), according to the National Association of Realtors, the largest ever one-month increase in the series’ history. Sales were down 11.3% from June 2019.
The median existing-home price for all housing types in June was $295,300, up 3.5% from June 2019 ($285,400).
Total housing inventory at the end of June totaled 1.57 million units, up 1.3% from May and down 18.2% from one year ago.

By Matthew Speakman on Jul. 22, 2020

You read that correct: the percentage increase in home sales from May to June 2020 broke records. There were also more homes listed in June (compared to May 2020). In comparison to last year, the median sales price is higher, but there are less new listings. One might take this to mean that nationally, the real estate market is improving overall, and maybe the worst is behind us.

Locally, the metro-Milwaukee Multiple Listing Service said the following about the Southeastern Wisconsin June market in their Monthly Indicators:

“While much of the country was working on a phased reopening of the economy
in June, real estate activity continued to strengthen as well. Nationally, June
showing activity as tracked by ShowingTime was up notably from the COVID-19
depressed levels in recent months but was also up from June 2019, reflecting
pent-up demand by prospective home buyers.

[…] While buyer activity continues to be robust, seller activity continues to be a bit
softer, with fewer homes being listed for sale than a year ago. Many housing
experts believe sellers remain reluctant to list their homes due to continued
concerns over COVID-19, which was beginning to see a resurgence in June.
Until sellers regain confidence, housing inventory will continue to be constrained
during what is expected to be an active summer selling season.”

All data from Metro MLS. Report © 2020 ShowingTime.

The local market analyses below are for the Counties of Racine, Kenosha & Walworth, plus one for the Lake Geneva – Delavan – Williams Bay Area. Personally working mainly in Walworth County, I have seen buyers demand skyrocket. Meanwhile, potential sellers are ‘waiting to see what happens.’ Not all of them, I had some new listings. At the start of this pandemic, several people told me they anticipated home values soon – which is incorrect. Clearly, they were wrong! As the basic business principal of supply-and-demand implies: with more demand (from buyers), prices (for homes/sellers) go up, not down.

Thinking of buying or investing in real estate? Call a lender asap. Work on your credit score even! At the end of the day, if a home is accurately priced and in decent shape, the home will go under contract fast.

Ready to sell your home? I would find a place you can stay before you list. An empty home always sells faster. Also, get your market analysis, even if you want to wait to sell, just for frame of reference.

Stay positive, stay healthy & reach out! ❤ , Annie Z.

June 2020 in photos


ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT
KEEFE REAL ESTATE  |  LAKE GENEVA, WI 53147
PHONE 262.348.3253   |   262.215.1982
EMAIL   azambito@keeferealestate.com  |  anniezrealty@gmail.com
OFFICE   262.248.4492  |  www.keeferealestate.com    


Sources:

June 2020 Monthly Housing Market Trends Report: Key Housing Indicators Begin to Turn Around in May by Sabrina Speianu, Sr. Economic Research Analyst for Realtor.com

ShowingTime Showing Reports

Metro MLS. Report © 2020 ShowingTime

June Existing Home Sales: Making Up For Lost Time Matthew Speakman Zillow

May 2020 Real Estate

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Southeastern Wisconsin on the Rebound

There are always two sides to a story. We have a global pandemic on our hands, but at least summer officially began today. There is no denying COVID-19 is still impacting our real estate market, but the latest stats indicate things are looking up. “Realtor.com®’s May housing data release reveals that the U.S. housing market likely reached its low point during mid-April, with constrained new listings and minimal price growth,” according to Sabrina Speianu, Sr. Economic Research Analyst for Realtor.com.

On Tuesday, our metro-Milwaukee Multiple Listing Service released their Monthly Indicators recapping last month’s market. Here’s what they had to say:

Market Reports: May 2020

While the effects of COVID-19 in the broader economy continue, real estate activity is beginning to recover across much of the country. According to
Freddie Mac, mortgage rates have been below 3.3 percent for more than four
weeks and are hovering near all-time lows, spurring strong interest by buyers
and lifting showing activity up 4% nationally versus a year ago in the final week
of May.
[…]

Buyers have been quicker to return to the housing market in force than sellers,
who have been showing a bit more reluctance to list their homes than is typical
for this time of year. But trends are improving and as states and localities
continue to moderate their COVID-19 policies, real estate activity is expected to
continue to improve in the coming weeks.

Metro MLS. Report © 2020 ShowingTime

As far as real estate in Southeastern Wisconsin goes, we’re still doing worse this year compared to last, but we’re better than last month. April 2020 market reports showed Walworth County was down 50.2% in new listings and 30.6% in closed sales, but up 9.4% in median sales price (compared to April 2019). Follow this link to see the April 2020 Real Estate post.

For the month of May, Walworth County went down 30% in new listings, 43.2% in closed sales, and 2.9% in median sales price. The fact that we had fewer closings, is a reflection of April’s drastic decrease in new listings – there were less homes available to be sold. The decrease in median sales price for the county surprises me, as I’ve seen more cases where properties go under contract for list price or higher, as the right-hand chart above shows (i.e., a 12.5% increase in median sales price for May 2020, compared to May 2019, in the Lake Geneva – Delavan – Williams Bay area).

The story here is a gradual trend upward. We have reason to believe a recovery is underway. Adding to this positive news, showings are up in my county, despite the global pandemic and less available inventory to view. According to ShowingTime, Walworth County had a total of 2,158 showings in May (2020), compared to 2,005 total showings in May of 2019.

You might be thinking, “MORE showings? How is that possible? And, what does this mean?

Personally, I have experienced a spike in demand from buyers in the past month and a half. I’m writing more offers, but facing more competition and not going to the closing table proportionally more often. I suppose there’s nothing like a quarantine to make people antsy and ready to move.

Able buyers: get your ducks in a row sooner rather than later. When the right home comes onto the market, you will need to act fast. In other words, call a lender, heck call two, and get your pre-approval done and out of the way. Also, be prepared for a potential bidding war. I have heard some say the COVID-19 crisis would cause home values/prices to plummet. I’m here to tell you this assumption is incorrect.

Potential sellers: do not miss this opportunity. We do not know how long the odds will stay in your favor. More showings combined with decreased inventory, means you’re statistically more likely to get an offer – and maybe more than one. Based on the principle of supply and demand, when demand is high, but supply is low, prices go up. Therefore, the current market is ideal for sellers right now more than ever.

Stay positive, stay healthy & reach out! ❤ , Annie Z.


ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT
KEEFE REAL ESTATE  |  LAKE GENEVA, WI 53147
PHONE 262.348.3253   |   262.215.1982
EMAIL   azambito@keeferealestate.com  |  anniezrealty@gmail.com
OFFICE   262.248.4492  |  www.keeferealestate.com    


Sources:

May 2020 Monthly Housing Market Trends Report: Key Housing Indicators Begin to Turn Around in May by Sabrina Speianu, Sr. Economic Research Analyst for Realtor.com

ShowingTime Showing Reports

Metro MLS. Report © 2020 ShowingTime

April 2020 Real Estate Housing Market Review: In the Thick of COVID-19

April 2020 Real Estate

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Housing Market Review: In the Thick of COVID-19

The following charts are ShowingTime’s Impact of COVID-9 to Real Estate Showings in Wisconsin & in North America. They reflect the physical activity of our market compared to that of the entire United States, this year compared to last. April was a hard hit month for the whole nation. The month of May seems to be off to a good start for both, but overall Wisconsin is trending more active than the overall country,right now.


Our low-point so far in this COVID-19 pandemic, appears to be April. The Metro-Milwaukee MLS (Multiple Listing Service) just released their monthly report: Market Reports: April 2020. The numbers don’t lie. In Walwoth County, new listings were down by 50.2%, and there were 30.6% less homes sold in April of 2020 compared to last year. The median sales price went up 9.4%, and days on market went down by 6%; however, that doesn’t make up for the lack of inventory and closings. April’s inactivity is reflective of the worldwide shutdown, no doubt.


I started out with the showingtime data because it is hopeful. The Safer at Home order was reversed by our supreme court here in Wisconsin, so businesses are opening back up for the first time in months. There are a handful of precautions in effect in real estate, from COVID-19 consent forms to gloves and masks. While I feel tense and anxious, I can only concentrate on my own actions. I will continue to work safely, and follow the CDC guidelines on how to protect yourself and simply trust others do the same.

What if April 2020 is as bad as our market gets?

Stay positive, stay healthy & reach out! ❤ , Annie Z.


ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT
KEEFE REAL ESTATE  |  LAKE GENEVA, WI 53147
PHONE 262.348.3253   |   262.215.1982
EMAIL   azambito@keeferealestate.com  |  anniezrealty@gmail.com
OFFICE   262.248.4492  |  www.keeferealestate.com    


Sources:

Metro Milwaukee MLS: Local Market Update © 2020

ShowingTime: The Impact of COVID-19 on Real Estate Showings

CDC guidelines on how to protect yourself

Safer at Home order was reversed

Weekly Update – Walworth Co

Featured

Real Estate Market

Mid May, 2020

In the past week, I’ve had 2 closings, wrote 3 offers (1 was accepted), and scheduled 20 showings. Spring is definitely here! Sellers are accepting offers within days of listing their property’s on the market, as per usual this time of year.

…That being said, the elephant in the room remains… There is no way to avoid the trickle-down effect of Coronavirus on the housing market. Here are how showings have been effected in Walworth County, in a side by side comparison of the last 30 days compared to the same date range (4/13 to 5/13) last year, courtesy of ShowingTime.

Here is the Market Summary from the MLS for April 2020 vs. April 2019:

Despite less showings, home sales are only down 2.7% compared to last April. What’s significant here is the drop in new listings. You know what this means? Less Competition! We are still in a “sellers’ market.” There are simply not as many homes on the market as there are ready, willing and able buyers to purchase them. This has been the case for over a decade.

POTENTIAL SELLERS: When it comes to showings & property tours, seller’s can reduce risk of covid-19 exposure by:

  • 1) Leaving lights on so no one else has to touch switches.
  • 2) Require all visiting parties to sign a covid-19 disclosure release form before providing access information.
  • 3) Mandate gloves and masks to be worn by all visiting parties.       

Potential Home Buyers – If this quarantine has you hating your home, and you’re ready to move: fear not! There are options:

  • 1) Get a pre-approval FIRST! You don’t want to waste your time in a space you cannot afford.
  • 2) Get on an automatic MLS search that sends you homes that match your criteria as SOON as they hit the market.
  • 3) Take a Virtual Tour first, and THEN see it in person – with gloves and mask – before writing an offer.        try zoom or google duo

Follow these links to see the new listings and just sold properties:

Walworth County New Listings in Last 7 Days

Sold in Walworth Co in the Last 7 Days


OTHER INFO            

01. How long does coronavirus last on different surfaces? See CDC’s answer here.

02. WHAT YOU LISTEN TO MATTERS: My favorite podcast is “Afford Anything,” by Paula Pant. Her PSA Thursday episode on May 7th had an interesting synopsis of the current state of our national real estate market. Take a listen by following this link.

03. WI Business Owners: Here are the Reopen Guidelines for you!

I see recovery written all over the data coming out, what about you? Are my glasses too rose-tinted? I want to hear what YOU think! Reach out, let me know. Stay healthy… ❤ ALWAYS, Annie Z.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT    |    KEEFE REAL ESTATE
PHONE 262.348.3253   |   262.215.1982
EMAIL azambito@keeferealestate.com  |  anniezrealty@gmail.com


Sources:

©2020 ShowingTime

Copyright 2020 by Multiple Listing Service, Inc

Weekly Update – Walworth County Real Estate Market

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In the last 30 days, I’ve showed 41 properties. I have 2 closings on Friday, one of which is a co-listing of mine, the other is for a buyer. I have also written 2 offers, but neither made it under contract. Currently, according to the Metro-Milwauke Multiple Listing Service, there are 700 active single family and condominium homes listed in Walworth County; 164 of them are under contract, and 54 were just listed this week. Additionally, 33 homes and condos sold in the last 7 days, as well. According to ShowingTime, there were 339 showings scheduled this week, as compared to 301 showings last week.


Follow these links to see the new listings and just sold properties:

Walworth County New Listings in Last 7 Days

Sold in Last 7 Days


There’s no doubt things are picking up, as far as showings go; the problem that remains is lack of inventory. Buyer’s are out there – more than you would think. If you’re on the fence, I’m here to tell you the time has come! If you’re concerned about your safety, be aware that there are COVID-19 consent forms available, and you can require buyers and agents to wear gloves and masks. I have even been to a showing where I was told to wipe down anything the buyer touches with a lysol wipe – not a problem! If anything were ever a way to increase buyer demand, it’s quarantine. People are getting antsy.

Here’s a graphical breakdown of our showings, as well as a preview to the past month’s market summary, with a year over year comparison:

Like I said, clearly there are just less homes on the market (which makes sense, given everything that’s going on). In Walworth County, Active Listings are down 14.1%, and New Listings are down 15.3%. However, the number of closings/homes sold is only down 2.7%. What does this mean? It indicates buyers are still buying homes, despite there being less to chose from. We’ll see what the metro-MLS says when their Monthly Indicators report comes out in a few days.

Stay healthy ❤ always, Annie Z.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT    |    KEEFE REAL ESTATE
PHONE 262.348.3253   |   262.215.1982
EMAIL azambito@keeferealestate.com  |  anniezrealty@gmail.com


Sources:

©2020 ShowingTime

Copyright 2020 by Multiple Listing Service, Inc

4 Weeks Later…

FeaturedWalking My Dog

The Psychological Effects of Quarantine

+ Charitable Mentions & Employment Opportunities

It has been four full weeks since the President announced COVID-19 was officially a pandemic disease infecting people around the globe (see video that aired on March 11, 2020 here). The word ‘quarantine’ has officially become part of my daily vernacular, and fear of the unknown has spread like wildfire. From the economy to our school systems and interpersonal relationships: everyone’s day-to-day life has been impacted in one way or another. There are those that argue the changes taking place will be for the better in the long run, but there is no denying the pain and hardship this pandemic has caused to the majority of people.

for those of you at home alone, reach out... 'this too shall pass...'
Photo by Du01b0u01a1ng Nhu00e2n on Pexels.com

As far as our nation goes, specifically, according to the New York Times,

“At least 316 million people in at least 42 states, three counties, nine cities, the District of Columbia and Puerto Rico are being urged to stay home.”

“…Wisconsin: About 5.8 million people”

See Which States and Cities Have Told Residents to Stay at Home By Sarah MervoshDenise Lu and Vanessa Swales

I find myself obsessing over this virus’ short and long term psychological impact. After all, that was my major in college (graduated in 2009 from Marquette University). Specifically, I recall Erik Erikson’s Stages of Psychosocial Development. According to this theory, personality is determined by how he or she deals with life’s many crises. We should all recognize, there is one guarantee in life: change. The way in which one assesses, and subsequently deals with, the inevitable changes of life over the ceaseless forward motion of time determines a person’s personality.

His theory helps illuminate and clarify how an individual meets and processes intrinsic change and, by inference, may contribute to an understanding about whether or not an individual is able to rise to the task of making change for him-/her self in the world.

The Nature of Change: Finding the predictable in the unpredictable by Abigail Brenner M.D. of Psychology Today

I’ve been watching the press conferences from the White House, taking vigorous notes while watching news on the stock market, and, obviously, I’m still active in the real estate market. Never before has the world been impacted like this, all at once. We’re all on the same playing field; everyone will look back and remember how they handled the Corona Virus Pandemic.


Memories of the months I spent analyzing psych research data, on behalf of Dr. Kristi Nielson, have resurfaced creating an insatiable hunger to hear how people are handling all of this, mentally and emotionally. My awesome nephew helped me create a google doc where I asked folks to tell me his/her three favorite and three least favorite things about the quarantine, anonymously. I wanted to point out a few, but I hope to get more responses (please feel free to submit your answers by following this link).

Least Favorite Things About Quarantine:

“This is very isolating for those with family issues or who depend on their friends for support.”

“Losing track of what day it is”

“craving routine & earning money”

“I do not have the patience to be a teacher”

Thank you for your honesty…

Favorite Things About Quarantine:

“More time with Online friends”

“I’m not the odd ball. Apparently my lifestyle has a name – quarantine!”

“Online school is a lot more student-led, and we can do things at our own pace.”

“seeing my coworkers MORE! due to virtual conference calls”

Submit your anonymous response here, and see what others are saying!

I sincerely hope you are being safe and staying healthy, during this uncertain time. Reach out if you need anything; I am here for you. I’d like to help in any way I can.

On that note, I’d like to point out some amazing local charities and opportunities that are rising up out of this disaster, in hopes it brings light to your day. Although we are physically separated, we are all in this together.

Charitable Mentions:

United Way of Walworth County

Eat Well, Support Local Restaurants: Lake Geneva Area Take-Out by Visit Lake Geneva

Distance Dining in Walworth County by Visit Walworth County

Buy Now, Spend Later: Lake Geneva Area Gift Card Directory by Visit Lake Geneva

Six Ways to Support Small Business From a Social Distance by Visit Walworth County

Charity Navigator: Coronavirus Disease 2019 (COVID-19)

GoFundMe: COVID-19

Employment Opportunities:

Amazon Jobs: Wisconsin

Working at ALDI

Temporary Positions at Brunk Industries

National Retail Foundation: Job opportunities for workers displaced by COVID-19

Job Listings on Facebook


If there are any other organizations/opportunities that deserve a mention, please feel free to mention them below. Let’s finish this fight strong! And, again, please don’t hesitate to ask me for help – be it groceries, prescriptions, or just a phone call. I want to hear from you. I want to be there for you, in whatever way I can.

Wishing you and yours a safe and healthy Weekend in Wisco, across this great nation, and beautiful planet… ❤ , Annie Z.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT    |    KEEFE REAL ESTATE
PHONE 262.348.3253   |   262.215.1982
EMAIL azambito@keeferealestate.com  |  anniezrealty@gmail.com



Sources:

President Trump Addresses the Nation

See Which States and Cities Have Told Residents to Stay at Home By Sarah MervoshDenise Lu and Vanessa Swales

The Nature of Change: Finding the predictable in the unpredictable by Abigail Brenner M.D. (of Psychology Today)

United Way of Walworth County

Eat Well, Support Local Restaurants: Lake Geneva Area Take-Out by Visit Lake Geneva

Distance Dining in Walworth County by Visit Walworth County

Buy Now, Spend Later: Lake Geneva Area Gift Card Directory by Visit Lake Geneva

Six Ways to Support Small Business From a Social Distance by Visit Walworth County

Charity Navigator: Coronavirus Disease 2019 (COVID-19)

GoFundMe: COVID-19

Amazon Jobs: Wisconsin

Working at ALDI

Temporary Positions at Brunk Industries

National Retail Foundation: Job opportunities for workers displaced by COVID-19

Job Listings on Facebook

The Impact of COVID-19 on Local Real Estate Practices

Featured

Yesterday, Gov. Tony Evers issued an emergency order called “Safer at Home” in which Wisconsinites are instructed to remain at home with the intention to stop the spread of coronavirus, aka COVID-19, from 8:00 am Wednesday, March 25th until 8:00 am Friday, April 24th.

follow this link to read the full order by the Wisconsin Governor: Order #12: Safer At Home

Local businesses are to remain closed for the next 30 days, unless they’re considered an “essential service.” Thankfully real estate was declared essential, as were many businesses that support and serve our industry. However, the way we practice and participate in real estate transactions has transformed.

follow this link to see a full list of essential businesses here’s the full list of business allow to continue operations, although most with new restrictions, read the Wisconsin Economic Development Corporation © 2020 article here

REALTORS® and their clients may still conduct the activities necessary to buy and sell real estate in Wisconsin during the time period covered by the order as long as they comply with the social distancing and other requirements in the order.

Michael Theo President & CEO of Wisconsin REALTORS® Association

Conversely, while I and my fellow realtors are allowed to work, we are NOT required to. This is a HIGHLY contagious, and sometimes deadly, virus. We must continue to work remotely (while accessible, if necessary, we cannot work out of our office), maintain social distancing from others (6+ feet), wear PPE when going to public places, wash your hands/use hand sanitizer.


Restrictions, Options & Opportunities for

Sellers and Buyers

Showings

Real estate agents are being told by all sources (“Safer at home,” the WRA, NAR, and brokerages) to do work from home (instead of office). There are no more open houses, but virtual showings/tours are highly encouraged. When we go do out, we’re still supposed to follow ‘social distancing,’ and CDC prevention guidelines.

Be aware: some sellers are being forced to self-quarantine: you must protect yourself as well. This virus can live on surfaces, and they may not know whether or not their COVID-19 positive.

Buyers:

If you have a pre-approval from a lender, and have a secure job (not at risk for losing your job), continue to look online. Any new listings are likely serious sellers, whether trying to cut losses in the stock market by selling second homes, or moving). Write contracts with deadlines pushed further out. VA and even some FHA buyers (with jobs in “essential businesses”) are very secure in that they are government vs. mortgage broker backed.

Please note: President Trump did not cut mortgage interest rates to 0%, but rather treasure rates.

Sellers:

You can require virtual tours only. Of course, you could also pull the property off of market until the pandemic ends. We’ve been told to do virtual open houses, and to not open the open house to the public.

Please note: if you do not want to sell your home, you could look into refinancing your home loan given the recent cut in interest rates (not mortgage rates). ** I have heard from a couple folks that it took longer than normal to hear back from their lender, the refinancing process may take some time. If you decide to refinance, lock in your rate.

Under Contract

If you’re currently under contract, expect delays from loan processors, home inspectors, loan appraisers, and even the title company (due to register of deeds closing). Lenders are still up and running, just working from home, writing pre-approvals using today’s interest rate (I’d give you that % but I am not a lender – regulation Z), however, market instability causes mortgage rates to constantly change, plus they’re overwhelmed with the sheer volume of people re-financing their existing home.


Wishing you and yours a safe and healthy weekend. Have a great Weekend in Wisco! ❤ , Annie Z.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT    |    KEEFE REAL ESTATE
PHONE 262.348.3253   |   262.215.1982
EMAIL azambito@keeferealestate.com  |  anniezrealty@gmail.com



During this time of pandemic panic, it is crucial to stay properly informed. THE source of accurate information, prevention and treatment of the corona virus can be found on the Centers for Disease Control and Prevention website.


Photo by Pixabay on Pexels.com

Photo by Tirachard Kumtanom on Pexels.com

Photo by Travis Saylor on Pexels.com

Weekend in …

Featured

Wherever the Heck You Are STAY THERE!

Weekend in Wisco | March 22nd, 2020 | Annie Z Realty | Keefe Real Estate

Last week’s edition of Weekend in Wisco! went live on a Friday, instead of a Thursday, for the first time. To even mention any local events would feel criminal now. As of this week, Weekend in Wisco! has been suspended until further notice, in light of COVID-19.

Rest assured, there are many things to discuss! Here are several blog posts in the works:

  1. February Market Report (Pre-Pandemic Presidential Address)
  2. Effects of Quarantine on Local Real Estate Market
    • Restrictions, Options & Opportunities for Sellers & Buyers
  3. Honorable Charity Mentions
  4. Home Décor Projects & Spring Cleaning

How are you doing? How has this virus infected your life and/or loved ones? Let me know how I can help. Shoot me a quick email here (anniezrealty@gmail.com) or give me a buzz (262-215-1982) and keep me posted, please.


My mind is racing, but I am physically still and tense. Repeating in my head is the mantra: be prepared, not scared. Since the day this went pandemic status (Wednesday, March 11th),  I’ve done several virtual tours, an in-person property tour (of 2 properties) with a mask and gloves on, and hand sanitizer in my pocket. I have even done one virtual open house! On the 2 occasions I had to go into public places, I wore gloves, and used the hand sanitizer afterward. As of today, I’m only using delivery or drive up services (i.e., instacart), and only for necessities.

Additionally, from this point forward, I will require showings to be virtual, or with no more than 2, established clients at a time, if I’m 100% sure everyone’s healthy. This may change soon, as more advice comes in from my brokerage, Keefe Real Estate (which has been absolutely amazing, taking our weekly meeting online, keeping communication open and staff working remotely) and fellow agents.

Eventually, Weekend in Wisco! will return, but until then I just want to urge you: don’t panic. Do your part: stay home if you can, be smart if you can’t. Make a to do list of stuff you have previously said you “don’t have the time to do.” Get a hold of your loved ones, long lost friends, distant relatives, neighbors and friends – now is the perfect opportunity to reach out in so many ways.

Stay healthy ❤ always, Annie Z.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT    |    KEEFE REAL ESTATE
PHONE 262.348.3253   |   262.215.1982
EMAIL azambito@keeferealestate.com  |  anniezrealty@gmail.com 


During this time of pandemic panic, it is crucial to stay properly informed. THE source of accurate information, prevention and treatment of the corona virus can be found on the Centers for Disease Control and Prevention website.

Weekend in Wisco!

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Weekend in Wisco | March 12th, 2020 | Annie Z Realty | Keefe Real Estate

The last few days of upset and out roar, with events being canceled all across the globe, and some countries enforcing quarantines, I’m reminded of the book (and movie) “Into the Wild.”

Happiness [is] only real when shared…

Christopher McCandless

Regardless of whether or not you get to see your favorite band live in concert, watch your favorite sports team play ball, or go on vacation, it is not about the places we go, but rather the people with which we share our lives. Remember: all of these actions are being taken to protect our loved ones.

If your plans are a ‘no-go’ this weekend, and you need to stay home, maybe call someone you haven’t talked to in a while! If you’re healthy, visit a friend or family member you’ve been meaning to catch up with. You could bake some cookies for your neighbor, write some thank you cards, read a book. There’s no shame in staying home to preserve the lives of those we love.


Wishing you and yours a safe and healthy weekend. Have a great Weekend in Wisco!

Here’s the forecast for this weekend…

The following are some events I have found happening in Walworth County this weekend (please note, these events may or may not be canceled, please follow the links for confirmation).

Friday, March 13th  

Saturday, March 14th

Sunday, March 15th  

Multi-Day & St. Patrick’s Day Events:

Geneva Steam Convention March 13th, 14th & 15th @ Lake Lawn Resort (Delavan)

DanceScapes’20 March 14th, 15th, 16th & 17th @ Barnett Theatre (Whitewater)

2nd Annual St. Pawtricks Day Party 9 am to 5 pm Tuesday, March 17th @ Lolli Pup Resort (Delavan)

St.Patty’s Day Open House 4 to 6 pm Tuesday, March 17th @ Avant Cycle Café (Lake Geneva)


Follow Link for this Weekend’s Sports Schedules

Open Houses:


But wait, there’s more! As per usual, there are plenty of other options of activities going on this weekend. These are just my fav’s… what are you up to?! Leave a comment ~ let me know! I’ll see ya around! ❤ always, Annie Z.

ANNIE ZAMBITO
LICENSED REAL ESTATE AGENT    |    KEEFE REAL ESTATE
PHONE 262.348.3253   |   262.215.1982
EMAIL azambito@keeferealestate.com  |  anniezrealty@gmail.com 


During this time of pandemic panic, it is crucial to stay properly informed. THE source of accurate information, prevention and treatment of the corona virus can be found on the Centers for Disease Control and Prevention website.

Other Things You CAN DO This Weekend, Instead:


Sources include: Visit Walworth County & Facebook Events