Reports that forecast the death of cities were a bit premature. A lot of the things that make city living great — a short commute, the nightlife, the restaurants, the live entertainment — have been shut down. But, as Zillow Economist Jeff Tucker notes, “it won’t be shut down forever.” “As employers bring employees back […]
What Buyers Want Now
The sudden change in lifestyle during the pandemic has had a major impact on homebuyers’ needs and expectations. Point2, a real estate news and market survey resource, mapped out the current profile of the U.S. buyer and compared housing preferences and priorities of home seekers before and after the pandemic lockdown. Researchers examined five months’ […]
Buyers Waiving Contingencies
The pandemic and high unemployment rate haven’t slowed the housing market. With homebuyers facing heightened competition this summer for a limited number of homes for sale, some have decided to try to gain an edge by waiving contingencies to make their offers more competitive. In June, Redfin reports that nearly 20% of successful offers submitted […]
Don’t Underestimate Importance of Garage to Buyers
Luxuries like pools and lavish living spaces may not be as enticing to home buyers as a garage, finds a new poll by Zolo Realty, a Canadian online real estate marketplace. Zolo Realty surveyed more than 1,800 North American respondents to discover buyer behavior and desires. Male and female home buyers gave the highest marks […]
Market From Builder Perspective
“We are really working a little bit harder … to get people in the door and to get people excited,” said Mark Mullin, an agent selling several new projects in the Los Angeles area. A recent pullback in mortgage rates could put some heat back into the market, but there has been a decided shift […]