Into week two of the Stay Home Stay Safe and my grayer that I remembered beard is coming along quite nicely. We will be here till at least 4/13 but I expect Governor Whitmer to extend it to 4/30. I suspect she doesn't want to jump on that train right away because she would appear to be agreeing with the President and they have been at odds with each other ever since Gov Whitmer made the short list for VP in the Biden camp. Very childish and unproductive on both sides and that is as political as I will get.
The Detroit area is the hardest hit with some hospitals at capacity and others getting close. My bro-in-law is on staff at one of the large hospitals and they have 500 COVID-19 patients there alone. The National Guard is setting up a 900 bed makeshift hospital in Cobo Hall where the International Auto Show should be setting up if times were normal. My wife is a project manager for a large health system and has been setting up the drive through testing tents at the clinics as well as converting all available space to potential treatment areas. Her world is incredibly crazy right now.
Our biz is still plugging along so we are still working trying to assist our title insurance agents remotely as best as we can. Refinance applications are up so that will keep the title insurance industry busy for the time being. Realtors are obviously not showing homes at present so the resale market is taking a hit and I think that will be the slowest part of the housing market to recover as people are not going to want strangers coming into their homes. If there is a silver lining, there has been a lot of technology on the table to improve the entire real estate viewing, buying and closing experience and people are now finally getting on board. I won't say that will replace the old fashioned process of buying a home but it will allow the real estate economy to continue to operate through times like this when it would otherwise have to shut down. In MI real estate (residential and commercial) accounted for almost 20% of the total economy last year so that is kind of important.
In any event, thought I would check in. Have a lot of yard work and garage organizing on the list for the weekend if the weather cooperates. Stay safe and stay well everyone!
Tim