ArticlesCommunity OutreachPressResources

The Effect of COVID-19 on the Land Brokerage Industry

By Greg Fay, Founder, Broker, Fay Ranches Inc.

Many of us are wondering what the impact of the Coronavirus will be on the global economy and our communities.  We can only guess if this will be a phenomenon that has a lasting impact or will pass us by in a matter of weeks.

We are seeing some interesting anecdotal effects on the land brokerage industry.  The buzzword in articles I read this morning on coronavirus is “social distancing.”  In speaking with Fay Ranches agents located coast to coast in the United States over the past few days, each has remarked that their land investor clients are contemplating moving their families to their land to insulate themselves, to socially distance themselves. We have an uptick in activity at Fay Ranches with several of the potential land investors we’re working with citing the need to have a place to “hide.”

It will be interesting to see if this is an increasing trend. Will people begin leaving the more densely populated urban areas of the United States to achieve “social distancing”?  It’s too early to tell at this point if this is just a passing consideration or the beginning of a population shift. We’ll keep an eye on it and report back in a few weeks as the coronavirus pandemic evolves.  In the meantime, stay safe and stay healthy. And if you own land, it probably wouldn’t hurt if you spent a little extra time on it over the next few weeks.

I encourage you to reach out to a Fay agent in your area for an update on the economic effect on the land industry in your community.  


 

 

 

 

 

 

GREGORY W. FAY
Founder, Broker
Licensed in: MT, WY, CO
Contact Greg

new mexico ranches land properties for sale

Enjoy Both Seclusion and Accessibility | New Mexico and Colorado

By Jim Vidamour, Fay Ranches Principal Broker, Licensed in New Mexico and Colorado It is hard to deny that the recent pandemic has accelerated a trend that began a few years ago.  The desire to own a refuge away from urban population density has intensified and is readily apparent in the sharp increase in ranch […]

Washington Ranch for Sale Twisp Terrace Rockchuck Ranch

The Methow Valley, Washington’s Recreation Destination

Details courtesy of The Cascade Loop  Extending from Pateros to the crest of the North Cascades, the Methow Valley is Washington state’s eclectic mix of Wild West and thriving arts culture, and home to a whole lot of lodging and activities. Dedicated fishermen from around the world come to Pateros at the confluence of the […]