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The Round-up Volume 3: Ohio Leads Charge to Flatten the Curve

As we do our part to ‘Flatten the Curve’, many of us are acclimating to social distancing and life working from home. Although inconvenient, we stand to greatly benefit from the quick and measured response to COVID-19 from our state and local leaders.

March 18, 2020

 

Welcome to The Round-Up, a newsletter for renters, homeowners, and everyone in between.

As we do our part to ‘Flatten the Curve’, many of us are acclimating to social distancing and life working from home. Although inconvenient, we stand to greatly benefit from the quick and measured response to COVID-19 from our state and local leaders.

There is a great deal of uncertainty for what the future holds, and that has been reflected in the market recently. We anticipate that this will continue to play out over the next few weeks, even months. Let’s dive in.

Interesting Reads

Image courtesy of Barbara J. Perenic/Dispatch

Gov. DeWine Moves to ‘Flatten the Curve’

Ohio is out ahead of most states in the US as far as implementing a rapid response to COVID-19. These measures will leave many adjusting to new work and life situations.

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Image courtesy of Shawn Thew/EPA, via Shutterstock

Federal Reserve’s Statement

The Federal Reserve is prepared to use its full range of tools. They will continue to monitor the implications of new and incoming information related to public health and adjust accordingly.

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Image courtesy of Chuck Crow/The Plain Dealer

COVID-19’s Impact on Residential Real Estate

In Cleveland, Ohio the novel coronavirus is expected to impact the local housing market. However, the rapidly changing conditions of the situation make it unclear just how large these market movements will be.

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Featured Property of the Week

Library Park

At Library Park, location is prime. Parks and cultural happenings are within walking distance, shopping, dining and entertainment are a leisurely stroll. When we say you can have it all, we mean it and let’s be honest, you deserve it…❤️️

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Knowledge is Power

The world of real estate is often complex, but it doesn’t have to be. Get access to the best sources of knowledge out there with Rhove.

With Interest Rates this Low, Is Now the Time to Buy?

Think about this — a 1% decrease in an interest rate on a $300,000 mortgage would mean savings of about $2,000 per year. If you’re in the market for a home, or you’re debating if it is time to refinance, you’ll want to listen to this NPR interview.

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Millennials Are Biggest, But Poorest Generation

Despite comprising nearly a quarter of the population, millennials — defined as those born between 1981 and 1996 — possess just 3% of the country’s wealth, according to the Federal Reserve’s Survey of Consumer Finances.

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Parting Thought

“Don’t forget to take care of yourself, Ohio. We will get through this.” — Gov. Mike DeWine