shortsalespecialist: SoCal Sellers, Does Your Home Have What Buyers Are Looking For?
- 07/16/20 09:13 AM
There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com: “Sellers continue returning to the market at a cautious pace and further improvement could be constrained by lingering coronavirus concerns, economic uncertainty, and civil unrest.” For homeowners who need a little nudge of motivation to get back in the game, it’s good to know that buyers are ready to purchase this season. After spending several months at home and re-evaluating what they truly … (2 comments)
shortsalespecialist: SoCal STILL Ranks Real Estate Best Investment for 7 Years Running
- 07/11/20 11:33 AM
Some Highlights Real estate has outranked stocks, savings accounts, and gold as the best long-term investment among Americans for the past 7 years. The belief in the stability of housing as a long-term investment remains strong, despite the many challenges our economy faces today. Of the four listed, real estate is also the only investment you can also live in. That’s a big win! « Not All Agents Are Created Equal Best Time to Sell? When Competition Is at an All-Time Low Taking Advantage of Homebuying Affordability in Today’s Market Latest Unemployment Report: Great News…for the Most Part America Is Another Name for Opportunity … (3 comments)
shortsalespecialist: SoCal-Not All REALTORS Are Created Equal-Choose Wisely!!
- 07/09/20 09:11 AM
In today’s fast-paced world where answers are just a Google search away, there are some who may question the benefits of hiring a real estate professional when selling a house. The reality is, the addition of more information can lead to more confusion. A real estate agent can be your essential guide, but truth be told, not all agents are created equal. Finding the right agent for you and your family should be your top priority when you’re ready to sell your house. The right agent is the person who can truly walk you through the whole process, look out for … (0 comments)
shortsalespecialist: Best Time to Sell In SoCal? When Competition Is at an All-Time Low
- 07/08/20 11:54 AM
In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are “seriously worried.” That concern seems reasonable considering the current condition of the economy. The data, however, is showing that home purchasers are still very active despite the disruptions American families have experienced this year. The latest Existing Home Sales Report published by the National Association of Realtors (NAR) revealed that 340,000 single-family homes sold in this country last month. NAR’s most recent Pending Sales Report (homes going into contract) surpassed last month’s number by over 44%, … (0 comments)
shortsalespecialist: Real-Time Economic Data is Becoming More Worrisome
- 07/07/20 10:58 AM
by Mark Schniepp and Ben Wright July 2, 2020 The June labor market report form the BLS showed millions of job gains and a falling unemployment rate. The improvement in June occurred as total employment increased by 4.8 million jobs, the largest monthly gain in job creation in the history of recorded data. The increase is due principally to the resumption of businesses opening during the last half of May and early June throughout the nation. But monthly data has become a lagging indicator and does not always capture current economic conditions. As we reported last week, we are becoming increasingly concerned about the outlook for … (0 comments)
shortsalespecialist: The Status of the SoCal Recovery / Summer 2020
- 07/06/20 03:50 PM
RePosted By Chris B Johnson REALTOR by Mark Schniepp July 3, 2020 We are assuming that the recession is now technically over, because growth in employment, payrolls, and spending has resumed. Therefore, the recession that began in March and likely ended in May could be both the deepest and shortest recession on record.The average length of a recession is 11 months and none has lasted less than six months. However, this isn’t, or wasn’t, a normal recession or business cycle. This recession wasn’t caused by the traditional catalysts, and the recovery is likely to differ from those in the past. The monthly estimate of GDP … (0 comments)
shortsalespecialist: What did I Miss?? #SellYourHomeForMoreandPayLess, #TimeToSell #ChrisBJohnsonRealtor
- 07/06/20 11:15 AM
SoCal - Latest Unemployment Report: Great News #Se... America Is Another Name for Opportunity [INFOGRAPH... SoCal Home Values, What Are Experts Saying About t... SoCal, Will We Have A Historic Rebound for the Hou... ► June (18) ► May (25) ► April (25) ► March (26) ► February (17) ► January (25) ► 2019 (313) ► 2018 (419) ► 2017 (235) ► 2016 (76) ► 2015 (73) ► 2014 (91) ► 2013 (25) ► 2012 (100) ► 2011 (158) ► 2010 (67) … (0 comments)
shortsalespecialist: SoCal - Latest Unemployment Report: Great News…for the Most Part
- 07/06/20 11:02 AM
The Bureau of Labor Statistics (BLS) released their latest Employment Situation Summary last Thursday, and it again beat analysts’ expectations in a big way. The consensus was for 3,074,000 jobs to be added in June. The report revealed that 4,800,000 jobs were added. The unemployment rate fell to 11.1% from 13.3% last month. Again, excellent news as the unemployment rate fell for the second consecutive month. However, there’s still a long way to go before the economy fully recovers as 17.8 million Americans remain unemployed. Here are two interesting insights on the report: What about a supposed misclassification? The BLS addressed this at length … (2 comments)
« Is the Health Crisis Driving Buyers Out of Urban Areas? Think You Should For Sale By Owner? Think Again [INFOGRAPHIC] Are New Homes Going to Be Available to Buy This Year? « New Index Reveals Impact of COVID-19 on Real Estate « Should We Be Looking at Unemployment Numbers Differently? Quick Fixes That Pay Off Big When Selling Your Home The Difference Between a Recession and a Housing Crash These Tips Are Your North Star For Home Decorating Blog Archive #SellYourHomeForMoreandPayLess, #TimeToSell #ChrisBJohnsonRealtor, #SellersPayZEROCommission, #ListYourHomeAndPayNoCommission, #BetterThanFSBO, #5StarREALTOR®, #FixandFlip, #RealEstateInvestor, #TopProducer, #AJIBoom, #XomeAgentNetwork, #BidOnHomes, #ShortSaleSpecialist POSTED BY The information contained, and the opinions expressed, … (3 comments)
There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com:
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