Key Highlights
Unemployment high and vacancies rising
Leasing activity returning to pre-pandemic levels
Is outbound migration from cities passing its peak?
With some 30M workers still receiving some sort of unemployment benefits six months after precipitous falls and COVID lockdowns, rental markets around the country have been seeing a slew of vacancies and reduced rents. Finally, for people who still...
Key Highlights
Sales surging and prices rising since pandemic slump
Big trend is exodus from big metros to suburbs
Headwinds for real estate sector is inventory at lowest levels in almost 16 years
To say the very least, the housing market’s volatility since the outbreak of COVID-19 pandemic and its subsequent lockdowns in March has been off the charts. Other...
Key Highlights
Share of workforce that now performs freelance work currently stands at 36%
Prior to pandemic, workers turned to freelancing out of choice for its flexibility and variety; now, it’s a necessity
Freelancing was once seen as almost a luxury. Many workers who did it often had the luxury of a spouse’s steady income and/or health benefits from a...
Are you like 99.999% of every human on planet earth...are you a procrastinator? Procrastinating the most important things in your business (and personal life) to the point where they never really truly get done?
'Getting ready to get started to someday possibly take the first step, IF the planets are in alignment and the sun is shining...'
These are the agents...
Key Highlights
Zillow analysis showing that mid-sized cities leading as top markets poised for growth
Mid-sized metros offer more space for less money as well as big-city amenities
Zillow’s latest research indicates that mid-sized city markets are replacing expensive coastal markets as the most in-demand places to live in the now COVID-era normal.
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Key Highlights
Average loan size exceeded $370,000 during second week of September
Mortgage rates held at 3%
Weekly volume of purchase applications dropped -1% seasonally adjusted
The Mortgage Bankers Association (MBA) reported that, during the second week of September, purchase applications dropped -1% on a seasonally adjusted basis. Even still, the MBA indicated that its purchase index posted a year-over-year...
Key Highlights
Homebuilder confidence for single-family homes soared +5 points to hit 83 in September, according to NAHB/Wells Fargo Housing Market Index
83 is highest reading ever in this survey’s 35-year history
The nation’s homebuilders are pinching themselves in ecstasy about off-the-charts consumer demand for new housing. As a result of this soaring demand, the National Association of Homebuilder (NAHB)/Wells...
When you listen to today's show you will feel clarity and direction in your real estate business.(and maybe your life) The simple sad truth is that its nearly impossible to know what it truly takes to be successful long term in real estate. For most agents, it's almost overwhelming? The number of people who are competing for your attention...
Key Highlights
Pfizer, Moderna and AstraZeneca are three companies in late-stage testing for COVID-19 Vaccine
AstraZeneca resumed its testing after short “pause”
Nine companies including these three signed pledge to prioritize safety as main focus of vaccine development
The Trump administration’s “Operation Warp Speed” is a public-private partnership focused on the goal of delivering multiple safe and effective COVID-19 vaccines...
Key Highlights
Federal Reserve officials announce interest rates near zero through 2023
Announcement reinforces its plan for patience to cushion economy in months and years to come
Close to six months ago when the COVID-19 pandemic brought the US economy and its markets to its knees, Jerome Powell, chairman of the Federal Reserve, announced that the Fed would slash interest...
