Blog :: 03-2020

5 Good Things from The Age of Coronavirus

In these uncertain times, it can be challenging to find daily bright spots among so much daily news of rising infection numbers and the vagueness of how long this might all continue. As a small business owner, I find myself contemplating additional layers of worry – like how my family of agents is holding up, how our long-term clients are doing, and how might this impact the housing market once the worst is over.

At the same time, I have found some unexpected comfort and improvements in my day-to-day life, and I wanted to share some of those with you.

1. I pick up the phone more.

As a society, I think we have become so quick to fire off a quick text or check in by email. Lately, I find people are more willing to pick up the phone for a check-in call, myself included. There is comfort in picking up the phone and hearing the familiar voice of family or friends that I may typically send a text to. At the same time, with limited in-person interactions, the conversations I have with my team and clients take on a renewed importance to me – not just professionally, but also as a means of fulfilling the basic need for one-on-one, person-to-person contact.

2. I’ve been able to clean, declutter and prioritize.

While most of us are still busy working from home, we have more down time in the comfort of our own surroundings. I have been able to create checklists of things that we need to get done, and in some cases, I have skipped the list and just completed projects that have been long overdue but have sat on the backburner. The funny part about so many of these things is that they don’t take a long time, but procrastination has pushed them off. From touching up small spots on walls to taking a feather duster to the edges of the ceilings throughout the house, all of these little things have provided a profound feeling of accomplishment.

3. Who knew I could cook?

Without the ability to go out to dinner in a pinch, suddenly, we find ourselves doing a lot more cooking at home. While this isn’t an unusual thing at face value, I have found that I am enjoying the art of cooking more and have enjoyed my time planning, preparing and savoring the meals we make at home.

4. I am getting more fresh air than ever.

Walks are a staple of social distancing. The dog loves it, and it gives us a chance to get outside and see familiar and unfamiliar faces who are all experiencing the same unfamiliar time in their lives. There is reassurance in seeing life continue at a very basic level and knowing that we’re all going to be okay.

5. People are kinder.

Whether I am at the supermarket, on a walk, or working in the yard, I have realized we are all in this together. People are kinder, gentler and more personable.

Let’s face it: New Englanders can be a bit salty and speak only when spoken to, however, I have found myself saying more hellos and receiving more “hello, how are you doing’s” than ever before. 

Hopefully, in the course of the coming weeks, we will find ourselves emerging from this unexpected and unfamiliar and uncomfortable public health crisis, but I hope we remember the best parts of it – the parts that have reminded us of our own humanity and the simpler parts of being good people.

In the end, the economy will recover, and the housing market will be fine. The bonus just might be a renewed appreciation for human connection and time with the people who mean the most to us.

Be well, everyone.

Brian Molisse

The Massachusetts' Spring Real Estate Market is Booming – Despite Coronavirus

I think we can all agree that this is shaping up to be a challenging time all around the world.

While the global markets struggle to make sense of Coronavirus, how to address it, and what its longer-term impact may or may not be, we are still seeing a great deal of positive news coming out of the Massachusetts real estate market.

We already know that recent Fed rate cuts have had a positive impact on mortgage rates. The Mortgage Bankers Association said 30-year fixed rates fell 10 basis points in the week ending March 6 to 3.47%, the lowest since December 2012. The group's refinancing index, meanwhile, surged 78.6% to 6,418.9 points, the highest since April 2009, as Americans rushed to re-set their home borrowing rates. 

Closer to home, the Massachusetts Association of Realtors just released their home sales report for February 2020, and the numbers are strong!

Single-family home statistics for Massachusetts:

  • Pending sales for 2020 sit at 4,383 – this represents a 25.2% increase over February 2019
  • The median price of a single-family home in February 2020 was $396,900 – that’s 4.7% higher than February 2019.

If you’re more interested in the Massachusetts condominium market, those numbers are equally impressive:

  • Pending sales for 2020 sit at 1,806 – this represents a 18.6% increase over February 2019
  • The median price of a condominium in February 2020 was $395,000 – that’s 13.2% higher than February 2019’s number of $349,000.

If there’s any drawback to this data, it’s simply that demand is outpacing inventory. But there is a silver lining: if you are looking to sell, low rates and high demand mean that you will get top dollar for your property. If you’re looking to purchase, my team of experienced, service-focused agents have unmatched access to properties on Massachusetts’ North and South Shores and beyond.

If you have any questions, don’t hesitate to reach out to me directly at bmolisse@molisserealty.net or by phone at 781-831-4754.