Real Estate Blog - March, 2020

March Newsletter | And Then, There Was COVID | Isabel Affinito

A Retreat in El Salvador

In February, Chris and I took a trip to El Salvador with our friends Andrea and Kelly. Andrea is a fitness coach in Austin, and she was leading the retreat along with a yoga instructor from El Salvador.

This is usually the type of thing I would propose, but this time, it was Chris' idea. When he said, "Do you want to go do a fitness, yoga and surfing retreat in El Salvador?" My first thought was, "Who are you and what have you done with my husband?"

So in late February, we boarded a plane to El Salvador with Kelly and Andrea, and no idea what to expect.

The house where we stayed was about 45 minutes from the airport in San Salvador. It was in the beach town of El Tunco, which is apparently the most touristy…

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Economic Impact of COVID-19 in Austin | Spyglass Realty

Mark Sprague of Independence Title, who is a real estate and financial analyst in the Austin market, has provided this awesome resource is to offer insight and context on how COVID 19 is currently impacting the Austin economy and real estate. 

Hopefully, this will help provide some answers to questions that you may have about what to expect to happen next. Thank you, Mark, for the great insight. 

1. What impact do you think COVID-19 will have on Austin’s economy?

SXSW was a loss of $500+ million annual to the local economy.

Housing is a positive light in Austin. Locally there is not enough shelter inventory in all channels. So real estate will probably have another good year.

If builders quit building, that actually causes values to…

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Economic Update in Light of COVID-19 | Spyglass Realty

Courtesy of  Michael Sprague of  Independence Title Company

1.    What impact do you think COVID-19 will have on Austin’s economy?

SXSW was a loss of $500+ million annual to the local economy.

Housing is a positive light in Austin. Locally there is not enough shelter inventory in all channels. So real estate will probably have another good year.

If builders quit building, that actually causes values to increase due to the lack of enough shelter being built.

Locally however, many of our restaurants and businesses are dependent on the many festivals and conventions that are part of our history and culture (SXSW, ACL, F1 races and events, etc.) and their loss of income will definitely be felt. At this point it’s hard to say how deep that will affect us…

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Tuesday Updates | Isabel Affinito

Dear Clients,

What strange times we're living in. It feels like every day is a whole new reality. We expect you're probably being bombarded with information right now. This email is to offer some context on how COVID 19 is currently impacting Austin real estate, and some thoughts about what we expect to happen next.

So far, Austin real estate has still been moving and we have not yet seen any significant impacts on pricing or inventory. As of the weekend of March 14th and 15th, there were still multiple offer situations happening in Central Austin. We had clients making offers, so we were in direct conversation with several different agents that weekend who were negotiating multiple offers for their seller clients. Although we did not directly…

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The Impact of Coronavirus in Austin | Spyglass Realty

Posted: March 12, 2020 | Updated: March 17, 2020

In the recent events worldwide, a new strain of coronavirus has been detected which has caused a global health emergency, threats on recession and on the economy, cancellation of events, and the number of infected around the globe grow. Headlines and misinformation are causing panic to people that's why it's always best to get your information from trusted outlets such as the Center for Disease Control and Prevention, World Health Organization, the Texas Department of State Health Services, AustinTexas.gov website, and other reliable sources.

What is Coronavirus?

Coronavirus comes from a large family of viruses that causes illness ranging from the common cold to more severe diseases such as the…

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Dynamic Selling, Managing Stress and Why Growth Hurts | Isabel Affinito

February was a great month. We're really hitting our stride and Morgan is rocking her role as an agent on our team, which has freed me up to focus on sales training for Spyglass and speaking on my current passion project: helping small business owners take time for themselves. 

Dynamic Selling: A Six-Week Sales Training Experience

Dynamic Selling is a program that I designed, along with Spyglass management, for our agents. The goal is to help them close more business with happier clients. Specifically, the program is focused on client enrollment and client conversion. It's all about how to take someone from the very beginning when they are considering buying or selling real estate, all the way to the closing table. I've included the most…

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