Households happy with their homes before the pandemic have grappled with the compromises they made during the home shopping process. That has sparked a wave of buyers emerging as stay-at-home restrictions lifted—and many of those households have decided to trade up. Prior to the pandemic, house hunters were focused on amenities such as granite countertops, […]
REALTOR® COVID Updates
The Headlines: • Legal Update with Gov Hutchinson – Tuesday •Unemployment Pause • Price Gouging Prohibited • Bobcat Fire Update – See San Bernardino County • Eldorado Fire Update – See Riverside County The Details: California Unemployment – California will not accept new unemployment claims for the next two weeks as the state works to prevent fraud […]
10 False Buyer Beliefs to Debunk
When buyers first walk through the door, they bring in a lot of false truths. Here are 10 commonly held beliefs that agents may have to debunk. 1. My family member has a real estate license — they will help me Perhaps you can gracefully convey to your clients that the odds of their success […]
Supra Features Done Remotely
Supra now offers an expanded suite of new and existing services designed to further support operating in our current climate. Now, eKEY® installations can be done remotely, and real estate organizations can upgrade traditional hardware keys to the eKEY app without agents having to physically come into the office. Agents can now receive their eKEY authorization […]
Confidence Down? Consumer Searches for These Topics Surge
As we reported in CVAR Connect a couple weeks ago, Fannie Mae’s monthly Home Purchase Sentiment Index showed that respondents who thought it was a good time to buy a home decreased from 61% to 53%. Despite that decline in confidence, the pandemic has both increased and altered demand for housing, and it has also […]
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 […]
Most Common Home Improvements in Pandemic
The pandemic has prompted many homeowners to take on updates and renovations projects. More than three-quarters of about 1,000 homeowners surveyed this month say they have carried out at least one home improvement project since the start of the COVID-19 outbreak, according to a new survey from Porch.com, a home remodeling website. Homeowners have spent a […]
Pros & Cons: Good Time to Buy?
House prices have held steady and even increased slightly in the face of the economic shutdown that followed the pandemic. And interest rates are near all-time lows and could potentially go lower still. But on the negative side, employment – though recovering since May – remains a question mark. And with housing inventory remaining tight with […]
7 Real Estate Trends That Represent the New Normal
by Bernice Ross, CEO BrokerageUP We have moved through the “great pause” and now are in the midst of the “great reinvention.” As an agent, you have a unique opportunity to reinvent yourself and create the business you want in the “new normal.” If you’re ready to thrive in the midst of all the upheaval, […]