Q&A Corner: 2021 Real Estate in a Digital Age Report October 1, 2021 By: Matt Christopherson As technology evolves, so do the ways in which we use it. Whether it makes our lives easier, improves our productivity, or opens new opportunities and communication, technology has become a staple in our daily lives, and it is no […]
Industry News
NAR NEWS RELEASE: Pending Home Sales Recover 8.1% in August
Key Highlights Contract signings rose 8% in August from July after two consecutive monthly declines. Contract signings rose in all regions from the month before, led by the Midwest and South. Contract signings were 8.3% lower than this time last year. WASHINGTON (September 29, 2021) – Pending home sales rebounded in August, recording significant gains […]
Statewide Eviction Moratorium to End on September 30th
On September 30, the statewide eviction moratorium under the COVID-19 Tenant Relief Act (CTRA) is due to end. However, the law will not simply return to its pre-pandemic form. Instead, a new law, the COVID-19 Rental Housing Recovery Act, (the “Recovery Act”), will take its place. Here are the key differences in practices and procedures. […]
Home Sales Drop in August, But Prices Keep Rising
Key Highlights (National Data) Existing-home sales dropped 2% on a seasonally adjusted annual rate from July to August. The inventory of unsold homes decreased 1.5% to 1.29 million from July to August – equivalent to 2.6 months of the monthly sales pace. The median existing-home sales price rose at a year-over-year pace of 14.9%. WASHINGTON […]
FEMA Mobile App & Texts
The Federal Government offers resources to the public when emergencies strike, and public safety officials use timely and reliable systems to alert you. This page describes different warning alerts you can get and how to get them. The Federal Emergency Management Agency (FEMA) is an agency within the U.S. Department of Homeland Security that responds […]
Cheaper to Buy Than Rent: Riverside Among Top Metros
In 24 of the 50 largest U.S. metros, buying a starter home now costs less per month than renting a similar-sized unit. As rents continue to hit new highs and mortgage rates remain low, Realtor.com® released the numbers in its Monthly Rental Report for July last week. “Sky-high rents and historically low interest rates have […]
Changing Remote Worker Policies Killing Deals
Would-be homebuyers are dropping out of deals thanks to suddenly changing work-from-home (WFH) policies. Since mid-April as new cases of COVID-19 decline, employers across the country are reconsidering work-from-home policies, and in some cases abruptly reversing plans for permanent remote work or, instead, adopt hybrid work models. “My team has had two [deals fall through] […]
RentSpree Integrates With MLSs
Fresh off a successful funding round, rental software startup RentSpree has teamed up with CRMLS and TheMLS, two Southern California-based multiple listing service providers. The full integration went live on Aug. 24 in CRMLS’s Matrix, Paragon, Flexmls, and Rapattoni systems. CVAR members were introduced to RentSpree as a sponsor of Real Estate REvive earlier this […]
Agents Get Asked: Is This Condo Structurally Sound?
Real estate professionals across the country are grappling with concerns about the structural soundness of aging multifamily buildings more than a month after the deadly collapse of a Florida condo building where 98 died. Just last week, it was reported that the 60-story luxury tower in San Francisco, which sank 18 inches and leaned 14 […]
Home Starts Down, Permits Up
U.S. housing starts declined more than expected in July, adding to evidence that supply and labor constraints are holding back home construction while demand has slowed. Residential starts dropped 7% last month to a three-month low 1.53 million annualized rate, according to government data released Wednesday. Building permits, however, climbed 2.6% in July due to […]