Today, I Eat My Words

By
Education & Training with The Lones Group, Inc.

The Lones Group, Inc.

Today, I Eat My Words

Hi everyone, and welcome to this week's Zebra Report. Today, I get to "EAT MY WORDS".

Years ago, when I started the Zebra Report, I had a client of mine ask me if I was nervous about blogging because once I put my thoughts into words I can't take back those words. If I say them and print them, then shouldn't I stand by them? Well technically that is correct, but practically it isn't realistic when things change. It is okay to change your mind and it is okay to change your position on things. The one thing I do know is that there is always change! Life is fluid and new trends and situations bring about change. Change can be good and change can be difficult, but there is no getting away from it.

So here I find myself having to "EAT MY WORDS" because today is a day when I am going to have to admit that something I thought would never happen and something I have long predicted would not happen has happened! Okay so what is it you ask? For the past decade I have been reporting that the bigger home was no longer in favor and that the McMansions were on their way out.

I have been researching changes in our market and have been trying to figure out if Covid has had any impact on the type of housing or the location of housing. Well guess what I found out? There is suddenly a VERY high demand for larger houses.

Why? Well, your home is no longer just a home. It is an office. It is a school. It is a gym and recreation center. It needs to be everything, because right now, we are in the “Covid Era.” We are in a time where we need to utilize our space to stay safe. Parents need space to teach their at-home children. Professionals need space to work in a focused manner. And then everyone needs space to work out if they can't go to the gym or have some down time.

Keep a look out on your MLS for that product, and you'll see that buyers are willing to pay a little extra (and sometimes a lot extra) for the bigger home.

Will this change over time? Probably. In fact, it will almost certainly change as our world and our needs change. That is why it's so important to stay in touch with your market and on top of your market's trends. And it is even more important to call out those trend changes when you see them. So today I am sounding the “larger home” ALARM! People want more space not because they need more living space but because they need more office, schooling, exercising and relaxation space.

I never thought these words would come out of my mouth, but I'll be the first to admit that I'm eating my words!

Until next time, have a great week!



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By Denise Lones CSP, M.I.R.M., CDEI - The founding partner of The Lones Group, Denise Lones, brings nearly three decades of experience in the real estate industry. With agent/broker coaching, expertise in branding, lead generation, strategic marketing, business analysis, new home project planning, product development, Denise is nationally recognized as the source for all things real estate. With a passion for improvement, Denise has helped thousands of real estate agents, brokers, and managers build their business to unprecedented levels of success, while helping them maintain balance and quality of life.

The Lones Group, Inc.
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Topic:
Real Estate Industry
Location:
Washington
Tags:
market activity
real estate coach
housing trends
real estate trends
market analysis
real state
bigger homes
denise lones
home trends
the lones group
buyer trends
zebra report
coronavirus
covid19
mls prospecting
home spaces

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Show All Comments
Rainmaker
1,307,642
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Yes, I've been seeing a similar trend of the "downsizing" taking a slower pace to the upsizing.  When you're stuck at home, space reallly helps!

Jul 16, 2020 10:04 PM #1
Rainmaker
3,406,877
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Bon Appetite:)) seriously I ate my words when after 2007  crash I never thought we would have 20% price increases... well I have been enjoying eating my words... welcome to the club... it is better to take a stand than so many our colleagues who are wishi washy just sayin... Endre

Jul 16, 2020 11:24 PM #2
Rainmaker
3,235,480
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Denise.

I'm very careful of what I say or write.  I've eaten my words so many times, it's difficult to count the times. 

Jul 17, 2020 01:20 AM #3
Rainmaker
209,801
Realtyna Inc
Realtyna - Newark, DE
Realtyna- MLS RETS Integration software & services

Hi Denise Lones, the market is always changing. Buyer preferences are always evolving. So, yea... we all eat our words eventually. Thanks for letting us know what you are seeing in your area. I wonder... Does this mean there is less demand for smaller homes?

Jul 17, 2020 02:07 AM #4
Rainmaker
3,644,229
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Denise. Until recently downsizing was the big thing as suburbanites sold the McMansion to relocate to an apartment in the sky in the city. Now some are relocating to the warmer states and searching for bigger barns. Enjoy your day! 

Jul 17, 2020 04:27 AM #5
Rainmaker
1,594,453
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

Things do change, and when they do, words get chomped. :-) No one could have predicted the changes that have been occuring this year. But yes, it looks like the larger homes are desired now.

 

Jul 17, 2020 05:56 AM #6
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Rainmaker
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Denise Lones

CSP, MIRM, CDEI - Real Estate Coaching & Branding
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