{"id":12653,"date":"2020-04-07T02:44:14","date_gmt":"2020-04-07T06:44:14","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?p=12653"},"modified":"2020-04-07T02:45:37","modified_gmt":"2020-04-07T06:45:37","slug":"a-distant-light","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/blog\/a-distant-light\/","title":{"rendered":"A Distant Light"},"content":{"rendered":"\r\n<p class=\"wp-block-paragraph\">Today Evan mentioned he sees a light at the end of the tunnel, regarding the virus-related lock-down that has crippled so many businesses, including real estate brokerages. It&#8217;s been a long, dark tunnel so far, with many people dealt irreparable hardship. But the <a href=\"https:\/\/www.renthop.com\/apartments-for-rent\/new-york-ny\">New York City<\/a> numbers are improving &#8212; or at least there hope that the <a href=\"https:\/\/www.nytimes.com\/2020\/04\/06\/nyregion\/coronavirus-new-york-peak.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"curve is reaching the peak (opens in a new tab)\">curve is reaching the peak<\/a>. There is a distant light giving us some hope.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2>Hard To Tell &#8211; But There Is Hope<\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">We don&#8217;t want to spend too much time calling the peak. It&#8217;s actually to hard to tell, but at least the news is reasonable.<\/p>\r\n\r\n<p>\u00a0<br \/><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-10201\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2020\/04\/image-1-1024x710.png\" alt=\"\" width=\"551\" height=\"350\" \/><\/p>\r\n\r\n<h2>West Coast To East Coast &#8211; All Hopeful<\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">New York has been the epicenter (along with our usual Tri-state bedfellows). Next hardest hit is the SF Bay Area and Washington State. The news is looking good there as well!<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-10201\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2020\/04\/image-1024x572.png\" alt=\"\" width=\"651\" height=\"450\" \/><\/p>\r\n\r\n\r\n\r\n<div style=\"width: 100%; height: auto; background-color: #e7edf7; border-radius: 4px; margin: 40px auto 40px auto; text-align: left; padding: 24px 20px 4px 20px;\">Learn more:\r\n<ul>\r\n<li><a href=\"https:\/\/www.renthop.com\/blog\/covid-19-vaccine-availability-supply-chain-bullwhip-effect\/\">Covid-19 Vaccine Availability: Supply Chain Bullwhip Effect<\/a><\/li>\r\n<li><a href=\"https:\/\/www.renthop.com\/blog\/covid-19-home-quarantine-new-york-city-versus-taipei\/\">Covid-19 Home Quarantine: New York City versus Taipei<\/a><\/li>\r\n<li><a href=\"https:\/\/www.renthop.com\/blog\/should-you-pay-rent-during-the-covid-19-eviction-moratorium\/\">\/a&gt;Should You Pay Rent During The Covid-19 Eviction Moratorium?<\/a><\/li>\r\n<\/ul>\r\n<\/div>\r\n<h2>Did We Flatten The Curve?<\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Thanks to <a href=\"https:\/\/www.renthop.com\/blog\/taipei-cracks-down-on-airbnb-quarantines\/\">MOST<\/a> people following the stay-home orders, and the virus incubation period of approximately 7-14 days, we are in much better shape than we might have been. We may never know the full extent of how bad it could have gone, but there is clear evidence that late March saw the fastest growth rates &#8212; approximately 7-14 days after most cities finally issued orders to stay at home.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Of course, flattening the curve serves multiple purposes: reducing the overall number of infections is obvious. We also reduce the magnitude of the peak and delay the speed we reach the peak, to relieve strain on the medical system.<\/p>\r\n\r\n\r\n\r\n<h3>The RentHop And RealtyHop Curves Are Trending Back<\/h3>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Our own traffic analytics seems promising as well. Our curve is quite anti-correlated to the Covid-19 new infections curve. The first half of March saw an amazing year-over-year increase in traffic and leads &#8212; only to slowly falter in the 2nd week of March.<\/p>\r\n\r\n<p>\u00a0<br \/><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-10201\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2020\/04\/image-3-1024x165.png\" alt=\"\" width=\"951\" height=\"750\" \/><\/p>\r\n\r\n<p class=\"wp-block-paragraph\">By Monday March 16th, the <a href=\"https:\/\/www.nbcnews.com\/news\/us-news\/new-york-city-close-schools-bars-restaurants-around-u-s-n1159651\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"first day NYC Schools closed down (opens in a new tab)\">first day NYC Schools closed down<\/a>, we fell off a cliff along with every other real estate and lead generation site. But our team is hard at work to do everything possible to help our customers make it through. This is the first week we are seeing a healthy increase on both the <a href=\"https:\/\/www.renthop.com\/\">nyc rentals<\/a> and <a href=\"https:\/\/www.realtyhop.com\">nyc condo and co-op sales<\/a> sites. Fingers crossed. But we start by saying we see a distant light&#8230;<\/p>\r\n\r\n\r\n\r\n<h2>So What Actually Happens in May, June, and Beyond?<\/h2>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Even when we cross the peak, even when hospitals finally reach a manageable load, then what? The vaccine won&#8217;t be out for at least 12 months, so say the experts. But it&#8217;s completely impractical to keep everything shut down until then. Will we reach a weird new normal, where everyone still tries to <a href=\"https:\/\/www.renthop.com\/blog\/work-from-home-jobs-and-how-to-make-wealth\/\">work from home<\/a>? How about real estate <a href=\"https:\/\/www.renthop.com\/blog\/top-9-questions-to-ask-when-viewing-an-apartment\/\">showings<\/a>?<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">We have no idea. We will take it one week at a time, but our team is here and ready to serve the landlord, broker, and nyc sublets community.<\/p>\r\n<p><em>Editor&#8217;s Note: We updated this article to enhance readability.\u00a0<\/em><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Today Evan mentioned he sees a light at the end of the tunnel, regarding the virus-related lock-down that has crippled so many businesses, including real estate brokerages. It&#8217;s been a long, dark tunnel so far, with many people dealt irreparable hardship. But the New York City numbers are improving &#8212; or at least there hope [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":12664,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"no","footnotes":""},"categories":[394],"tags":[387,335,43],"class_list":["post-12653","post","type-post","status-publish","format-standard","has-post-thumbnail","category-quarantine","tag-covid-19","tag-realtyhop","tag-renthop"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.4 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A Distant Light - Real Estate Topics, Tips, and Guides<\/title>\n<meta name=\"description\" content=\"Things seem pretty dark right now across our personal lives, the market, and real estate ventures. 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But there is a distance light at the end!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.renthop.com\/blog\/a-distant-light\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Topics, Tips, and Guides\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/renthopapartments\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-07T06:44:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-07T06:45:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.renthop.com\/blog\/wp-content\/uploads\/2020\/04\/adistantlight.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Lee Lin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@renthop\" \/>\n<meta name=\"twitter:site\" content=\"@renthop\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lee Lin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.renthop.com\\\/blog\\\/a-distant-light\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.renthop.com\\\/blog\\\/a-distant-light\\\/\"},\"author\":{\"name\":\"Lee Lin\",\"@id\":\"https:\\\/\\\/www.renthop.com\\\/blog\\\/#\\\/schema\\\/person\\\/059fced92bd1c960c8c9dc09d3304097\"},\"headline\":\"A Distant Light\",\"datePublished\":\"2020-04-07T06:44:14+00:00\",\"dateModified\":\"2020-04-07T06:45:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.renthop.com\\\/blog\\\/a-distant-light\\\/\"},\"wordCount\":524,\"publisher\":{\"@id\":\"https:\\\/\\\/www.renthop.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.renthop.com\\\/blog\\\/a-distant-light\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.renthop.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/adistantlight.png\",\"keywords\":[\"covid-19\",\"realtyhop\",\"RentHop\"],\"articleSection\":[\"Quarantine\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.renthop.com\\\/blog\\\/a-distant-light\\\/\",\"url\":\"https:\\\/\\\/www.renthop.com\\\/blog\\\/a-distant-light\\\/\",\"name\":\"A Distant Light - Real Estate Topics, Tips, and Guides\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.renthop.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.renthop.com\\\/blog\\\/a-distant-light\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.renthop.com\\\/blog\\\/a-distant-light\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.renthop.com\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/adistantlight.png\",\"datePublished\":\"2020-04-07T06:44:14+00:00\",\"dateModified\":\"2020-04-07T06:45:37+00:00\",\"description\":\"Things seem pretty dark right now across our personal lives, the market, and real estate ventures. 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