Amid all the uncertainty brought on by COVID-19 over the past six months, one thing is assured: the pandemic has re-ordered real estate markets across the board on an unprecedented scale. Some of this may be irreversible. Thanks to the COVID-19 pandemic, we don’t know if people will feel safer living in the south and […]
8 Housing Trends Emerging From Pandemic
Some housing trends will accelerate, some will come to a halt, and some will spawn entirely new areas of growth because of the COVID-19 pandemic, according to experts at the Urban Land Institute’s virtual fall conference on Oct. 15. For example, the migration from cities to suburbs, which millennials led prior to the pandemic, has […]
IE Double the Late Payers
In Riverside and San Bernardino counties, 336,000 adults live in households that are behind on rent due at the end of August, according to the U.S. Census Bureau. That’s 30% of all Inland Empire tenants and almost twice the rate in Los Angeles and Orange counties where 537,000 who live in rentals were late payers […]
Buyers Ready to Trade Up!
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: • Curfew Announced • *By County: SB County Sues; Riverside Halts School Waivers; LA Says Take Out Only • COVID Vaccine Decision by Dec. 10 • California Opening Guidelines Click Here COVID Curfew – Nearly all California is being subjected to a curfew aimed at curbing a statewide surge in coronavirus infections. Under […]
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 […]