Pandemic
How the Pandemic Triggered Vacation House Changes
Today’s vacation homes require an updated set of features to maintain appeal in a post–COVID-19 world, including space to spread out and top-notch Wi-Fi connectivity. www.nar.realtor – Vacation, Resort, and Second Homes
How the Pandemic Changed the State of Working
The COVID-19 pandemic has changed the way we work and live. While some changes are temporary, others are here to stay. Here, Tina Lapp, head of local brands for Colibri Real Estate, offers her take on how the pandemic has created challenges and opportunities for working women. How have opportunities for working women changed over […]
National Delinquency Drops Below March 2020 Level for the First Time Since Onset of the Pandemic
Another good indicator of a strong economy, was revealed in CoreLogic’s monthly Loan Performance Insights Report for November 2021. In November, 3.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 2.3-percentage point decrease compared to November 2020, when it was 5.9%. […]
Vacation Home Sales Surges During Pandemic
In 2020, vacation home sales rose by 16.4%, outpacing the 5.6% growth in total existing-home sales. www.nar.realtor – Research
Demand for Residential, Industrial, and Recreational Land Increases During the Pandemic
Land sales rose at a healthy pace in 2020 compared to the collapse in transactions of commercial real estate structures. www.nar.realtor – Research
Jobless Claims Dropped to the Lowest Level Since the Pandemic Started
Job market momentum seems to have picked up as the vaccine is becoming more widely available across the country, with thirty-two states reporting a decrease in new claims for the week ending March 20, 2021. www.nar.realtor – Research
Vacation Home Sales are Getting a Pandemic Boost
Vacation home sales are outperforming total existing-home sales. Sales of homes intended for vacation use rose to 109,100 in the past three months of July-September, a 44% gain from the level of 75,600 sales during the same period last year www.nar.realtor – Vacation, Resort, and Second Homes
Pandemic and Recession are Changing the Way People Rent and Buy
Robert Dietz says you can count him as among those who believe the geography of housing demand is being changed by the pandemic and the resulting recession. He also thinks some of the changes will endure beyond the dual crises. Dietz, chief economist of the National Association of Homebuilders (NAHB) says the changes aren’t solely […]
Window to the Law: Showing Guidance During a Pandemic
In-person showings can be a potentially risky activity, as the coronavirus is still actively spreading in many parts of the country. By following a few key guidelines, real estate professionals can serve the best interests of their clients in selling or buying a home, while also protecting the health and wellbeing of all concerned. www.nar.realtor […]
House Committee Looks at Mortgage Servicer Response to Pandemic
Posted To: MND NewsWire The House Financial Service Committee’s Subcommittee on Oversight and Investigations held a hearing on Thursday entitled, “Protecting Homeowners During the Pandemic: Oversight of Mortgage Servicers’ Implementation of the CARES Act.” Scheduled witnesses were Alys Cohen, staff attorney, National Consumer Law Center; Marcia Griffin, Founder and President, HomeFree-USA; Donnell Williams, President, National […]