Real estate professionals who work the frontlines

Real estate professionals who work the frontlines

Real estate professionals who work the frontlines
In the early days of the coronavirus pandemic when nearly 1 in 5 businesses was closed per government order, real estate professionals continued to work as an essential business. Now, a new survey conducted in mid-August by States Title, shows that industry employees say they have had to compromise their personal safety for the sake of their work.

More than a third of employees working in the real estate industry say they’ve had to make safety compromises. In fact, 39 percent of the 256 respondents to the survey claim that someone in their company has tested positive for the coronavirus while 22 percent say they themselves have been exposed to COVID-19 directly. Nine percent report they have tested positive.

The impact the pandemic has had on the real estate industry is ongoing. Forty-three percent of survey takers say the pandemic continues to “somewhat” or “significantly” increased their stress levels.

Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 2.875 percent and 15-year rates are near 2.5 percent.

Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.