Phase 5’s Effect on Real Estate

As we near closer to a state of normalcy, Illinois recently announced the plan to fully reopen as we enter Phase 5 since the start of the pandemic. 

Starting on June 11th, a full reopening will begin however not all restrictions will be lifted.  Phase 5 is set to include the reopening at full capacity of businesses, events, conventions, seated-spectator venues, amusement parks, and more without having to wear a mask.  Though it’s suggested that individuals who are unvaccinated should continue wearing a mask. This excludes the required regulatory rules set by local businesses, workplace guidelines, public transit, health facilities, and more amongst other related public areas.  Social distancing is still recommended and will be in place in venues that can accumulate a large capacity of people.  With set ordinance of obligatory health screenings for employees and visitors.

      With these new advancements rolling out, it’s important to consider the effects it may have on the real estate market.  This is going to be a very exciting time for both agents and buyers/renters.  The pandemic put an abrupt halt and thrown many curveballs to almost every industry.  Now that we currently are adjusting to an updated form of regularity, industries that thrive on interpersonal connection can resume with success in full force.

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      Now is a better time than ever to claim your stake in the field and become a licensed agent.  The Chicago Real Estate Institute is now rolling out both virtual and live in-person pre0licensing courses to help interested participants gain the knowledge they need to be their most triumphant self as a real estate agent.  In as little as three weeks, our 75-hour pre-licensure program provides students with flexible and affordable courses that can work for all.  Whether it be in the leisure of your own home or small class sizes, experienced instructors will guide you on a path to greatness with a top of the line learning experience.

      For more information, please call (773) 880-7400.