Trends
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“COVID-19 cases are on the rise and there is increasing likelihood of a further impact on economic activity, which may trigger a corresponding increase in unemployment in impacted industries,” says First American Chief Economist Mark Fleming.
A new report from NAR points to changes in homebuyer and home seller behavior brought about by the pandemic.
The decision to rent or to buy was once a question of finances and lifestyle preferences, but the coronavirus pandemic has added yet another complex layer to the equation for many Americans.
The third quarter was like a game of musical chairs for many who are abandoning large cities for more affordable areas of the country. See what’s happening in Miami.
“Chicago winters are hard and with more and more people able to work remotely, the weather in South Florida is a draw for sure.”
Another 16% of U.S. residents would consider leaving the country if their candidate loses, up from 9% in 2016.
The new S&P CoreLogic Case-Shiller Home Price Index reveals record-breaking August for home sales, up 21% over the 2006 pre-Great Recession high.
A new report from Coldwell Banker Global Luxury captures the changing demographics and preferences of luxury buyers.
“The slight decline in bidding wars (nationally) is largely a reflection of a seasonal cooldown, which typically starts in the late summer but was delayed by a few months this year,” said Redfin chief economist Daryl Fairweather.
Most Realtors know a fresh coat of new paint can transform a space, but do they know which colors will attract buyers? A new study has the answer.
Homesellers continued to sell homes to each other in September, making the market resemble a game of ‘housing musical chairs,’ according to First American chief economist Mark Fleming.
“If sky-high prices continue to lure more sellers into the market, it could prompt the inventory rebound we’ve been waiting for — which would be welcome news for frustrated buyers.” — Javier Vivas, director of economic research for realtor.com
“Increasing house price appreciation in suburban zip codes points to higher demand relative to supply in the suburbs but does not necessarily indicate what’s fueling the demand,” the study notes.
The cancelation of Art Basel this year has led many developers and brokers who depend on the event for sales to think outside the box by bringing art directly to their projects.
The work from home phenomenon — and the need for a dedicated home office— is driving demand for more space among both buyers and renters.
The suburbs are becoming more alluring to residents of major cities as the COVID-19 pandemic continues into autumn.