How Luxury Real Estate Deals Are Moving Forward in States With Spiking Coronavirus Cases
Rising COVID-19 infections will cause the local market to cool down, right? Not so fast. States that have seen the virus take off since reopening, Florida, Texas and Arizona, are seeing a boom in real estate, despite the pademic surrounding them. “In the last month, we’ve had a 45% increase in pending sales, and luxury is up year over year,” said Kevin Kaplan, a vice president of Long Realty/Luxury Portfolio International in southern Arizona, another state that has seen a surge in Covid-19 cases. Learn why real estate prices are the only thing rising faster than the COVID-19 infection rates in these hotspots.