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] […]
Senior Buyers Reemerging in Housing Market
As long as the proper health precautions are in place, seniors say, they are willing to resume home searches and purchases, a report from John Burns Real Estate Consulting shows. Several age-qualified communities nationwide reported particularly strong home sales in August and September. “While the first-time and move-up buyers have clearly been the headlines of […]
Jan. 22 – CVAR At A Glance
Featured Classes and Events Jan. 22 | Brokers/ Salesperson Cram Course – CVAR East Jan. 23 | Dispute Resolution in the RPA – All Locations Jan. 24 | Let’s Talk Feng Shui – All Locations Jan. 25 | Notary Masters – CVAR HQ Jan. 28 | CRMLS Training – CVAR West Jan. 29 | Understanding […]
Inventory On Rise in Los Angeles
The number of homes for sale in the Los Angeles area climbed more than 30% in October, according to a new report from Zillow. That suggests the region’s sky-high home prices could continue to fall, as they did in September. During the month of October, inventory (the total number of houses and condos on the market) in Los Angeles […]
CA Market & Troubling ‘B’ Word
In the California real estate market the “b” word is on the minds of many: Bubble. With reports of sharp declines in home sales, shrinking inventory and rising home prices, it might be an understatement to call California’s situation a puzzle, and one that may have implications for the entire country. June marked the slowest […]
Conquer the Inventory Crunch
When inventory is this low and demand still high, keeping your buyers optimistic and engaged can be a challenge, to say the least. Luckily, Shannon Brien, broker-manager in Cary, N.C., and other brokers have learned how to prepare their clients for today’s market realities. Find Great Partners and Have a Plan Start by recommending mortgage lenders who […]
Sept. 25 CVAR At A Glance
Featured Classes and Events Sept. 25 | CRMLS Training – CVAR West – Free! Sept. 26 | Mortgage (MLO) License Renewal Sept. 27 | REALTOR® Safety – Free! Sept. 28 |NuHome Lunch & Learn Sept. 29 | Notary Public or Renewal Oct 19 | 5th Annual Casino Night Nov. 15 | Real Estate Forward – […]
California Home Sales Report
California’s housing market defied gravity as existing home sales and median home price registered increases on both a monthly and an annual basis in August, C.A.R. reports. Closed escrow sales of existing, single-family detached homes in California remained above the 400,000 benchmark for the 17th consecutive month, and totaled a seasonally adjusted annualized rate of […]
More Inventory On the Way?
Fannie Mae reports that some homeowners previously clinging to their homes might be loosening their grip, as high prices are enticing some to finally consider posting that “for sale” sign. However, some buyers are raising an eyebrow at the higher prices. Fannie Mae’s latest Home Purchase Sentiment Index shows that the number of consumers who […]
Supply Stuck, Buyers Tripped Up
As buyers faced fewer options and record-high real estate prices, low inventory slowed down home sales last month. “Closings were down in most of the country last month because interested buyers are being tripped up by supply that remains stuck at a meager level and price growth that’s straining their budget,” says NAR Chief Economist […]