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Last updated on May 31st, 2021 at 08:52 am
Winter Storm Uri shut down sales activity for almost a week in Texas.
Michael Lane, president of ShowingTime, a national platform for managing home shopping appointments said that the home showing in Texas is increasing with the same speed with which it had gone down due to the storm.
There was a decline of 64.2 % from February 10th and in 10 days the activities returned to normalcy.
The spirit of millions of Texans did not dip when they were without power for days or when the water pipes froze and burst during the storm, damaging thousands of homes.
The showings were canceled for some days while they put their homes back in order and checked on the damage. Because of the re-inspection process required by appraisers, a few closings have been delayed.
According to the Weekly Activity Report published by the Houston Association of Realtors, due to the impact of the winter storm in Houston, only 696 transactions were closed for the week ending Feb. 22 which jumped to 2,796 closings the next week.
And the number of new listings also doubled in the following week.
The industry still found ways to close some sales, even during the days without power.
Dee Dee Guggenheim Howes, Compass agent, closed many huge deals in her husband’s Cadillac Escalade during the storm.
Amanda Anhorn with Greenwood King states that the title company they used, had a Mercedes Sprinter van with Wi-Fi, scanner, fax, and printer, so they could do the funding from the van.
A few homes damaged because of the storm are getting the repairs and plumbing done and some are waiting because the workers are busy elsewhere. So, the closings which, were expected in March have been pushed to April.
The remarkable resilience shown by Texans who have returned to their normal lives after dealing with so many hardships due to the storm handling the obstacles and remaining optimistic about the state’s future is a matter of pride.
In 2020, the highest annual total in the history of Texas real estate, 393,615 homes were sold in the Lone Star State.
Reference Source: RNR
