Pandemic

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

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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

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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

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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

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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 […]

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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 […]

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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 […]

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