It was great having Renee Lossia Acho of KW Domain back on the show. Renee is consistently in the Top Producer ranks in Bloomfield (MI) year after year. She has generated over $450 million in real estate sales and is recognized by Hour Magazine, Crain’s Detroit Business, and the Wall Street Journal’s RealTrends as being one of the top 1% of realtors nationally. She spoke about the financial hit many service industry members took amid the pandemic shutdown. This caused them to stay put in their current housing and created a bottleneck effect. Watch now!
Renee Lossia Acho, KW Domain – IRE Episode 122
This week we have Renee Lossia Acho of KW Domain. Renee is consistently in the Top Producer ranks in Bloomfield year after year. She has generated over 450 Million Dollars in real estate sales and is recognized by Hour Magazine, Crain’s Detroit Business, and the Wall Street Journal’s RealTrends as being one of the top 1% of realtors nationally. Excited to have her on the show again.
Posted by Inside Real Estate on Wednesday, September 30, 2020
“So a lot of people are recycling the space they have, and staying put. And a lot of, what has also been not great, is I think that we’ve been hit. I think that some of the service industries, you know, restaurant owners, bartenders, salons, people who maybe don’t have the disposable income to go, and we’re putting, you know, even smaller shop owners and small business owners, who don’t have the money necessarily to make that jump anymore to the next level, they’re staying put in their price point of their home, and then that’s not opening up inventory -that’s then moving up and up and up the chain. So you have sort of an odd like almost bottleneck in inventory where it’s– people aren’t necessarily freeing up the homes that they have.” – Renee Lossia Acho, KW Domain