Key Highlights
Luxury home sales propelled +41.5% in Q3 2020, according to Redfin
Palm Beach saw sales volume jump +62%, according to report from Douglas Elliman and Miller Samuel
Sales in the Hamptons increased +51% in Q3
Former renters in Aspen and Telluride CO and Greenwich CT now looking to buy
Potential buyers with opportunities to work remotely are...
In less than 60 days it will be 2021. For many fellow real estate professionals (and humans in general) 2020 will be remembered as one of the most challenging years of their lives. Good News? YOU MADE IT! Bad News? Get ready for what will most likely be another year of constant challenge and opportunity. When you listen to...
Key Highlights
41 states had job gains in September
Unemployment rates decreased in 39 states compared to August 2020
Employment has not recovered to pre-pandemic levels of February 2020 in all 50 states
It goes without saying that employment and income levels closely affect demand for and supply of residential and commercial real estate. Assuming that given, as September 2020...
Key Highlights
25,000 stores may close by end of 2020
Over-65 population increasing some 10,000 per day
Many former malls and abandoned shopping centers may become repurposed as senior housing
Two trends, one business and one demographic, may overlap to produce new housing opportunities. The business trend, spurred by the COVID pandemic though already well in flux due to the...
Key Highlights
Profit margins hit new highs in midst of pandemic economy
Median home prices rise in every major market
ATTOM Data Solutions Q3 2020 US Home Sales Report indicates that the typical home sold in Q3 2020 generated a gain of $85,000, up from $75,000 in Q2 and $66,000 in Q3 2019. This gain of $85,000 represents a +38.6%...
Key Highlights
Households doing better than expected despite devastation from pandemic economy
Big purchases on hold and spending scaled down for time being
Longer-term consequences could linger for decades
Just as the lockdowns and pandemic economy have been silver linings for the housing industry, this recession has several silver linings for many American households. Wha, you might askt? Am I...
When you listen to Tim and Julie Harris' award winning podcast, Real Estate Coaching Radio you will learn the drilled down, fluff free facts about becoming a listing agent. On todays show Tim and Julie show you how to have versatility through using the DISC personality profile. While in the fringes of real science, the DISC personality assessment can...
Key Highlights
Village of Santo Stefano di Sessanio launches initiative to attract younger residents
Village offering new younger residents grants for as much as $52,022 or 44,000 Euros
Santo Stefano di Sessanio in region of Abruzzo in southeast Italy
Pre-pandemic, some places in the US were offering new young residents incentives to move there, according to Business Insider. Why? Some...
Key Highlights
Q3 2020 first time Manhattan, Brooklyn and Queens all recorded y/y rent declines since 2010, according to StreetEasy
Median asking rent for Manhattan apartment dropped below $3,000 for first time in nearly a decade
It’s no longer surprising to hear about rents dropping in New York due to surging inventories and tenants reprioritizing their working and personal lives....
Key Highlights
Only 1% of homeowners have homes currently listed for sale, according to Zillow
Potential home sellers point to personal, financial, lifestyle and/or health concerns as reasons not to sell
Talk about a seller’s market with skyrocketing sales, skyrocketing home prices, rock bottom inventory and rock bottom interest rates. Why wouldn’t a homeowner who might be considering selling within...
