Coronavirus pandemic could end traditional real estate open house model

By Terrance Thornton | Daily Independent

As the reality of a “new normal” begins to sink in for many Arizona business leaders — economists are estimating an 18-month economic recovery period — no industry is more closely watched than the Phoenix metropolitan housing market.

As difficult memories of the 2008 economic crash linger, local real estate leaders are finding new ways to do old things as one local Realtor, Greg Hague, is moving forward in unchartered waters.

“When things like this happen with any business, you have to look at how you can make adjustments,” Mr. Hague said. “How can you pivot to make these new rules compatible with your own business? Even when businesses start to reopen again, and people are going to be more cautious. What then?”

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