With new listings in L.A. down almost 30 percent and a recent ban on in-person showings, the city's top real estate agents have few tools left to ply their craft. But don't expect that to slow down the most restless of the bunch, who are turning to Instagram to get them through the pandemic.
She’s designed a yacht for Johnny Depp, more than a dozen homes across the globe for Nicolas Cage and a $30 million condo for Matthew Perry, but for interior designer LM Pagano, the project she keeps circling back to these days is the luxury bunker she designed for a billionaire client in 2015.
“We launched the first week of March, when there was no talk of quarantines,” says Compass’ Greg Holcomb, who has the $4.5 million listing with Cassandra Petersen. “But then everything started changing after we were on for a week. We had a lot of momentum from the launch and it seemed short-sighted to take it off, especially because the house has features that might be interesting to people at a time like this.
Up until this week, agents had been working under the Department of Homeland Security edict that deemed “real estate services” to be part of the nation’s “critical infrastructure,” effectively designating the industry as essential business. That prompted the California Association of Realtors to issue an advisory halting all open houses but allowing for virtual tours.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Internal Senate memo warns Zoom poses ‘high risk’ to privacy, securityThe Senate sergeant at arms has warned offices that virtual conferencing platform Zoom poses a high risk to privacy and could leave their data and systems exposed
Read more »
New York coronavirus deaths hit record high three days in a row; hospitalizations downThe good news: Hospitalization rates in New York are down, falling to a new low and the curve of cases is starting to flatten.
Read more »
High U.S. unemployment, 2.5 million jobs lost through 2021: surveyAfter a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top business economists sees high joblessness persisting for more than a year in an outcome that would douse hopes for a quick, post-pandemic return to normal.
Read more »
Wall Street shakes off dismal unemployment news, closes the week on a highWeekly data from the Department of Labor showed another 6.6 million Americans filed for first-time unemployment benefits.
Read more »
A High-Stakes Divorce Illustrates How the Rich Play Real-Estate Tug of WarA Houston billionaire is accused of using a complex web of trusts and limited liability companies to prevent his wife from accessing cash and the 13 homes they acquired together.
Read more »
Why An Unusually High Number Of Investors In Sports Teams Will Be SellingHere's why an unusually high number of investors in sports teams will be selling:
Read more »