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Rental market reacts to coronavirus but stays active

Rental market reacts to coronavirus but stays active

In most states, moving companies have been designated “essential businesses” and have been allowed to operate during the pandemic. But a change of residence has become complicated in ways that can’t be solved by a moving crew.

New wrinkles in the market

In Los Angeles, Sally Forster Jones, a Compass broker and founder of the Sally Forster Jones Group, said she has seen a recent uptick in people from New York seeking short-term rentals in sunny Southern California.

“They’re particularly coming here [to rent] homes for a short period of one to two months, through the summer, and looking at it as a sanctuary almost from the East Coast,” Jones said.

 

Source Washington Post

Written by Dima Williams

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