Sharestates 2020 3rd Quarter Report – South & West Regions

California finds itself at the intersection of a continued COVID-19 surge but also surging prices. Regionally, almost all regions reported double-digit gains in sales from 2019 to 2020, and 37 of 51 counties in the state produced year-over-year home sales growth (California Association of Realtors). Additionally, 32 of those 51 counties had double-digit price increases.

Is There a New Normal in Commercial Lending?

“There is no more normal,” Allen Shayanfekr, CEO and co-founder of Sharestates told MPA when talking about the impact of COVID-19 on commercial lending. “We’ve been hearing for months about getting back to a level of normalcy, but the reality is, no one knows what that is.”

Sharestates 2020 Midyear Report – National Trends

The housing market may actually end up looking like a “W” recovery, per CNN, as potential second lockdowns, new spikes, and high levels of unemployment continue. The market will likely shape itself around the pandemic, but uncertainty abounds.