Real estate, like many other industries, was forced to adjust to the COVID-19 pandemic, from changing home tour procedures to embracing virtual or socially distant closings. Now some cities and states are reversing their reopening plans as coronavirus cases surge—but many real estate professionals say they’re better prepared for the impact on their business.
Nineteen percent of REALTORS® say they’re “very prepared” for a second wave of COVID-19 cases, and 39% say they’re “somewhat prepared,” according to the National Association of REALTORS®’ Market Recovery Survey, which is based on responses from about 2,300 members. Of those who believe there might be a second wave, 30% say they feel more prepared because they have a better idea of what to expect. Twenty-seven percent of REALTORS® say they’re concerned enough about the ongoing threat of the coronavirus that they have shifted their business practices to better prepare.