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Wishing you lots of positivity and light during this Easter weekend and Passover festival.

We're hoping that you can find new ways to enjoy time at home on your own, with your families, and with your pets (!) during these unique times. To provide some inspiration, we're giving you new ideas to support your community and activities to make this weekend fun and colorful. And as always, we're keeping you up to date on the latest happenings in Houston real estate. 
Real Estate in the News
Using Tech to Show Houses in Coronavirus Times — Compass Rolls Out Innovative New Virtual Agent Services Tools

As the world shifts seemingly hourly with new coronavirus pandemic developments, Compass rolled out a Virtual Agents Services (VAS) program that capitalizes on our commitment to investing in and utilizing the latest technology.

Read more here!

March 2020 Results

Market readings for March were largely positive. The exceptions were inventory, which lowered due to strong consumer demand during the first half of the month, and pending sales, which declined in the latter half due to market uncertainty as the pandemic struck. Single-family home sales, total property sales and total dollar volume all rose compared to March 2019, and pricing levels reached March highs. Total active listings, or the total number of available properties, rose 2.6 percent to 40,932.

Single-family home sales rose 8.2 percent year-over-year, with 7,566 units sold, marking the ninth consecutive month of positive sales. The single-family home average price climbed 3.8 percent to a March high of $309,785. As COVID-19 ravages the physical and business health of the nation, its impact on the Houston real estate market only began to set in during the last week of March, and therefore caused little disruption to the month’s overall performance. The full effect of the pandemic is expected to become more apparent when the April housing numbers are tallied.

We see the biggest immediate impact of the pandemic in showings data, which dropped sharply as a result of stay at home orders across the state, even with real estate considered an essential business. While showings are down over 55% from this time last year, new pending sales in Houston are only -15%. Clearly only serious buyers are making appointments to view properties right now, and many are going under contract without ever seeing the property in person by taking advantage of new virtual showing services. 

Mortgage Forbearance - Should You Consider It?

The recently passed CARES Act provides that single-family and multifamily homes that are backed by a federal mortgage loan may request forbearance of up to a year, but many banks are offering customers options, whether their loans are federally backed or not. If you are looking for relief from your mortgage payments, is this the right option for you? There are pros and cons you need to consider. Click here to read a recent post by Movement Mortgage explaining mortgage forbearance in more detail. 

Ways To Support The Community
Here are 8 ways you can support Houston small businesses that are impacted by the coronavirus pandemic

Many local stores and restaurants are scrambling to find ways to stay alive during the pandemic, but they cannot do so alone. From adjustments to takeout and delivery to online-only shopping, community support is needed now more than ever. Learn How To Help!

COVID-19 cuts Houston-area blood drives and donations

The U.S. blood shortage and the need for donations have been noted by the American Red Cross, which provides about 40 percent of the nation’s blood supply; by the U.S. Food and Drug Administration (FDA), which regulates blood and blood products; and by U.S. Surgeon General Jerome Adams, M.D., MPH, who serves on the White House Coronavirus Task Force. 

Donate to provide meals for hospitality workers and families

Houston food rescue organization Second Servings is committing to serving 10,000 meals a week to furloughed and unemployed hospitality workers in Houston. Click here for more information, including how to donate online through the Second Servings website

Lifestyle Tips & Tricks
Easter Activities for Kids + Young at Heart
Easter will look a little different this year, but that doesn't mean that there isn't plenty of fun to be had by all ages. How about hosting a Virtual Easter Egg Hunt? Click here for ideas on how to execute one. Why not treat yourself to a nice meal? Click here for Paper City's list of Houston’s best Easter takeout and delivery options. And it wouldn't be Easter without decorating some eggs, so check out our DIY craft recommendations below!
DIY emoji Easter eggs

Craft lovers of all ages will get a kick out of these emoji Easter eggs. Click here for the full tutorial from Studio DIY, one of our favorite creative lifestyle companies focused on making life a PARTY. And since eggs are such a hot commodity these days, you can find a tutorial on blowing out the insides to use later by clicking here
Pasta painting minus the mess

Skip the mess by putting paint or food dye in a plastic bag with uncooked pasta. Seal it up and massage the bag until the pasta is fully painted. Use different colored pasta for everything from homemade jewelry to 3D greeting cards. Click here for a tutorial on how to make pasta decorated Easter egg garland. 

Cook like a pro

I'll Have What She's Having, a local organization formed by women in the restaurant industry and physicians, has a plan to help diners reconnect with some of the city's top culinary professionals. They've begun hosting a series of cooking classes and wine tasting events that feature some of the city's top female chefs and sommeliers. Each class includes both access to a webinar and a meal kit with ingredients that keeps participants on track.

Be an uplifting neighbor

Read about 5 ways Houston neighborhoods are vastly improving our mood right now. Check out sites like Nextdoor to see if your neighborhood is doing something special or start something of your own! Click here for some inspiration.

© Compass 2020 ¦ All Rights Reserved by Compass ¦ Made in NYC

All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Compass is a licensed real estate broker. Equal Housing Opportunity.

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