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Real Estate Continues to Show Unprecedented Strength This Year

By Posted on 2 min read 118 views

The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, the upcoming election, and more? Here’s a look at what several industry-leading experts have to say. Lawrence Yun, Chief Economist, National Association of Realtors “Home sales continue to amaze, and there are …

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7 Reasons For Sale By Owner Fails

By Posted on 2 min read 166 views

Sellers may be tempted to sell their own home in order to avoid paying agent commission, especially in a hot market with low inventory and high prices, where the assumption is that houses practically sell themselves. However, many FSBOs find selling much harder than anticipated. Below are the top reasons FSBO fails: OverpricingFSBOs don’t usually have a good sense of the market and how their property compares to others for sale …

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Q3 2020 Data Supports a Strong Real Estate Market in Los Angeles

By Posted on 1 min read 302 views

As shelter-in-place orders were implemented earlier this year, many questioned what the shutdown would mean to the real estate market. Specifically, there was concern about home values. However, as the year unfolded, it became clear that there would be little negative impact on the housing market. The MLS™/CLAW Areas saw a significant jump in both the number of sales and the median price for Single Family Homes during the third quarter …

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Why Pricing Your House Right is Essential

By Posted on 2 min read 205 views

In today’s real estate market, setting the right price for your house is one of the most valuable things you can do. According to the U.S. Economic Outlook by the National Association of Realtors (NAR), existing home prices nationwide are forecasted to increase 4.7% in 2020 and 4.1% in 2021. This means experts anticipate home values will continue climbing into next year. Today, low inventory is largely keeping prices from depreciating. Danielle Hale, Chief Economist at realtor.com, notes: Looking at the sheer …

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Homebuyer Traffic is on the Rise

By Posted on 2 min read 363 views

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year. There’s strong evidence that he will be right. ShowingTime, a leading showing software and market stat service provider for the residential real estate industry, just reported on their latest the ShowingTime …

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Have You Ever Seen a Housing Market Like This?

By Posted on 3 min read 379 views

The year 2020 will certainly be one to remember, with new realities and norms that changed the way we live. This year’s real estate market is certainly no exception to that shift, with historic highlights continuing to break records and challenge what many thought possible in the housing market. Here’s a look at four key areas that are fundamentally defining the market this year. Housing Market Recovery The economy was intentionally …

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