As of March 27, 2020 – Governor Inslee has acknowledged that stopping real estate transactions in Washington State is not in the best interest of those affected by Covid-19. He recognizes that some individuals need to be able to sell their home, or pursue a refinance as part of their financial well being. Assuming all current health and social distancing requirements are met, paperwork signings, inspections and final walk-throughs are currently allowed to help keep the pipeline of home sales and refinances moving. Open houses are not permitted at this time. The following article contains more general information about what is happening with the real estate market the Vancouver \ Camas and surrounding areas. This information seems to change almost daily, so please be sure to contact us with any questions. We have included a copy of the Governors most recent announcement at the bottom of this article for your reference.
What is Happening Now in Clark County
Up until now, the local housing market in Portland and Vancouver remained relatively normal for this time of the year. As a matter of a fact, by looking at the numbers alone – you’d never guess that there was a toilet paper shortage in the US. We have had a lot of questions recently, like we always do, about whether the housing market is going to crash again like it did in 2007-2010. We certainly don’t blame people for feeling uneasy. With everything going on in the world, it’s a completely normal concern. The good news is that this housing market is not built on sand like the previous one. It won’t get washed away when the rains come. It was built on stone, and is prepared to weather the storm (should one come). We actually wrote an article about this a while back, you can reference it HERE. We are proud that it’s still relevant today, and that our predictions were accurate.
The Financial Aspect
Shortage of Homes in Clark County
Our Current Recommendation
Covid-19 Update for Real Estate HERE