“The market disappeared:” Real estate agents struggle to stay afloat amid coronavirus outbreak

The coronavirus's ripple effect in the economy continues to weigh on various business, especially the real estate market.

News 12 Staff

Apr 1, 2020, 9:08 PM

Updated 1,577 days ago

Share:

The coronavirus's ripple effect in the economy continues to weigh on various business, especially the real estate market. 
Real estate agent Audrey Moore, of Briarcliff Manor, works for Better Homes and Gardens Rand Real Estate. Moore says her industry is at a standstill.
"The market disappeared in March and, of course with the governor's order of not being able to do anything in the tri-state, it stopped completely," she says.
Moore says it's the complete opposite from last year, which she says was booming for real estate.
"I personally was the top producer in my officer in Briarcliff Manor and won a platinum award from my company," she says. "What happened now is, instead of building on it, we can't do anything."
Adding to the stress, home buying is only growing more difficult as lenders tighten loan restrictions because of the uncertain economy.
"People were looking and they had their pre-approval when this started happening and their job status changed. I told them, 'Why don't you call up and get a new pre-approval,' but when they called, they weren't able to get a mortgage," says Moore.
Two weeks since her last closing, Moore is now spending her free time doing virtual training at home and trying to stay afloat under orders to stay isolated.
For the first time, there is help for agents who can apply for unemployment. Independent contractors can apply for unemployment under the Pandemic Unemployment Assistance Program.


More from News 12
1:52
Hudson Valley doctors warn of listeria dangers following multi-state outbreak

Hudson Valley doctors warn of listeria dangers following multi-state outbreak

2:04
Sunny skies and warm temps for Saturday in the Hudson Valley

Sunny skies and warm temps for Saturday in the Hudson Valley

0:38
Multimillion-dollar transformation on the way for sections of Hudson Valley

Multimillion-dollar transformation on the way for sections of Hudson Valley

0:49
New basketball documentary film 'The Process' has ties to Westchester

New basketball documentary film 'The Process' has ties to Westchester

0:49
Olympic watch party in Pomona cheers on Rockland athletes

Olympic watch party in Pomona cheers on Rockland athletes

0:32
Veteran firefighter who suffered stroke receives warm welcome home

Veteran firefighter who suffered stroke receives warm welcome home

0:17
Yorktown police sergeant celebrates final walkout following 2 decades of service

Yorktown police sergeant celebrates final walkout following 2 decades of service

1:40
Lithium-ion battery fire blamed for closure of Newburgh tailor shop

Lithium-ion battery fire blamed for closure of Newburgh tailor shop

0:52
Slate Hill family of 5 loses home in afternoon blaze

Slate Hill family of 5 loses home in afternoon blaze

0:37
2 people charged in Middletown narcotics; firearms bust

2 people charged in Middletown narcotics; firearms bust

1:30
Motorcycle, van crash in Greenburgh causes serious injuries

Motorcycle, van crash in Greenburgh causes serious injuries

0:56
News 12 probes mystery cloud traced to Orange County & seen throughout tri-state area

News 12 probes mystery cloud traced to Orange County & seen throughout tri-state area

1:02
Hillcrest Fire Department receives 2,000 cans of drinking water, courtesy of Anheuser-Busch

Hillcrest Fire Department receives 2,000 cans of drinking water, courtesy of Anheuser-Busch

1:37
Storm Watch Team Meteorologist Skyler Harman strikes down lightning myths

Storm Watch Team Meteorologist Skyler Harman strikes down lightning myths

2:33
Can swimming become dangerous due to extremely high water surface temperatures?

Can swimming become dangerous due to extremely high water surface temperatures?

0:32
NYC officials: Westchester caseworker’s death ruled a homicide

NYC officials: Westchester caseworker’s death ruled a homicide

0:40
State, federal lawmakers introduce legislation to shorten funding gap for World Trade Center Health Program

State, federal lawmakers introduce legislation to shorten funding gap for World Trade Center Health Program

0:34
Ex Frito-Lay employee files defamation lawsuit against PepsiCo claiming he invented ‘Flamin’ Hot Cheetos

Ex Frito-Lay employee files defamation lawsuit against PepsiCo claiming he invented ‘Flamin’ Hot Cheetos

0:40
Executive orders still in place preventing Rockland County and Orange County hotels from converting into migrant shelters

Executive orders still in place preventing Rockland County and Orange County hotels from converting into migrant shelters

0:34
Finger in salad lawsuit against Chop’t discontinued

Finger in salad lawsuit against Chop’t discontinued