Pandemic market: new real estate group launches in pandemic to booming business

Posted at 5:25 PM, Aug 13, 2020
and last updated 2020-08-13 21:12:19-04

BUFFALO, N.Y. (WKBW) — MMB Realty Group launched at the beginning of July in a booming real estate market.

“The last 2-3 years has been a seller's market, but not like this,” said Rosalind Burgin, the “B” in the group.

Mia Mootry and Tamika Collins-Murphy were partners at another firm for years, and Burgin noticed the work they were doing.

“As a team doing stuff — selling selling selling.”

Burgin brought them into the firm they all last worked at before branching out on their own.

“I think we surprised ourselves it’s been awesome,” said Mootry about the home placements they’ve been able to close on in the past month and a half.

Launching a startup in the middle of a pandemic might seem unthinkable to some, but not if you’re in real estate in the booming Western New York housing market.

“In the market interest rates were dropping,” said Murphy. “During that time, I was getting a lot of emails and messages asking what the process is to purchase a house.”

Pre-approvals started showing up in Murphy’s email and people were looking to get in homes ASAP.

“We sat in our houses for over 100 days and we’re like, ‘It’s now or never’,” said Mootry.

Clients are coming from all directions.

“A lot of first-time homebuyers,” said Murphy. “But then you also have a lot of people retiring, so they’re looking to downsize and they’re staying in the area. Then you have people that have been stuck in their homes for over 100 days and realizing that their homes are just way too small and they need to upgrade.”

The City of Buffalo has been a hot spot for people looking to buy as well as the neighboring suburbs.

“Anything close to the City.”

You can see the group's current listings here.