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How does the COVID-19 pandemic affect the housing market?

Covid-19 and the Real Estate Market

The COVID-19 pandemic, a disease caused by the new coronavirus, has slowed markets in many segments around the United States. And with the number of disease cases reaching 1 million, it is natural, after going through the devastating 2008 crisis, that professionals, investors, and clients in the real estate market get concerned about the future.

Is this a bad time to buy and sell? Will property prices fall? Could something like the 2008 crisis happen?

According to ATTOM Data Solutions, the answer is more likely to be no.

 What can the past tell us about this?

By analyzing the last five recessions in the US economic history, we can see that the price of houses has only come down on two occasions – and in one of them, it went down no more than 0.9%. Check out the infographic below.

How previous recessions affected the market

This means that an economic recession does not necessarily imply a real estate market crisis. According to Curbed, most real estate professionals do not expect a recession to cause serious damage. Some of them don’t expect any significant effect on the market at all.

The value of homes can increase during a recession

In fact, during the 1980s and 2000s recessions, the average house price went up. In 2008, due to the crash caused by the real estate sector implosion, the average price of fair market rents grew at a steady pace – even with the purchase values deteriorating. [ATTOM Data Solutions]

This happens because housing is an essential asset: even if the economy is going through a delicate moment, people still need a place that provides the necessary stability to continue their lives.

During the ongoing pandemic crisis, it’s easy to see that essential products and services have a higher perceived value than before.

With that in mind, we can expect the real estate market to be sustainable during this delicate period of our lives. So if you need help with buying, selling, or renting properties in Massachusetts, be sure to contact us at Mega.

Our agents are waiting for you.

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How to Buy a House: the whole process in 11 steps

Buying a house or investing in the Real Estate business is often seen as a difficult or complicated process.

But it doesn’t have to be like that. When you know the process and understand how it works, it will go by smoothly and you’ll get it done faster. If you plan ahead and work with an experienced Real Estate agent, even better.

Why not star right now? To make it easier for beginners, we’ve created a checklist of the 11 essential steps you need to take to buy a new home.

Improve your knowledge about the 11 steps right now by downloading our Beguinner’s Guide.


1 – Pre-approval

2 – Looking for your Real Estate

3 – Offer and Negotiation

4 – Home Inspection

5 – Signing the Purchase and Sale Contract

6 – Signing the Bank Application

7 – Documentation for your Loan

8 – Final Bank Approval

9 – Home Repair Inspection

10 – Signing the Closing Papers

11 – Moving into your Dream Home

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Beyond spring cleaning: home maintenance for all 4 seasons

Living in a state with distinct season characteristics has its perks. Every three months or so, you get a reminder of how beautiful and spontaneous nature can be. But, while watching the snowfall during winter or taking in the striking colors of spring can be inspiring and uplifting, you also need to think about the conditions of your home when those seasons arrive.

And we’re not talking about just cleaning. What you need to do is get the whole house ready to take in the change of weather and habits. Heating systems, pool, garden, emergency kits – there’s a lot involved in making sure everything is ready for a new season to come.

Luckily, you can find out what the main concerns are right now and develop a home maintenance checklist of your own. Scroll down start with our main recommendations for spring.

Need more? Download our official Home Maintenance Guide with tips for all 4 seasons now.


Temperatures are finally rising, birds are singing and Spring is almost here.

At Mega, we‘re always thinking of ways to help you take the most out of your home. Get it to wind down from the strains of wintertime and ready to take in the spring breeze with the following tips.

Washing winter away.

Walk around the house. Do the windows need repairing? Are there cracks in the foundation, the facade? Check the roof, the driveway, the rooms. While inside, look for water stains or leaks. Assess the damage and take care of any problems. Then you can start giving everything a thorough cleaning.

Now, bring the outside back into action.

Switch any outside faucets back on. Rake up any remaining leaves, reseed your lawn and lay down mulch. Click to find out how to properly spring clean the garden. Don’t forget to include the gutters in your cleaning routine. When clogged, those could cause water to leak or infiltrate your roof.

It’s also a good time for a new paint job; find out if you want do touch-ups or a fresh coat. Feel like you don’t need it? Close all windows and doors and give the house a wash. Grit can build-up over time and end up hurting paint and masonry.