COVID-19 Real Estate Listing and Showing Guidelines A prevention plan during the coronavirus pandemic While Los Angeles, Beverly Hills, and neighborhoods around America relax stay-at-home recommendations, real estate agents must implement consistent policies that protect the public. Real estate agents are independent contractors and must operate under a principal broker. Different agents and brokerages will have unique responses to the coronavirus pandemic. Some will choose to lead with caution and others may lead with negligence. At Coldwell Banker Realty in Beverly Hills, I have the guidance and understanding to lead with caution. When you choose to list your home for […]
Sales of Newly Built Homes Show Strength Sales of newly built single-family homes recorded positive movement in April based on a report by the U.S. Department of Commerce and the United States Census Bureau. Despite a 0.6% national gain from March to April, sales of newly built homes year over year are down 6.2% as the world navigates stay at home orders issued by local governments. New Home Sales in the Northeast, Midwest, and West New home sales were the strongest in the Northeast as new home sales increased by 8.7%. Sales also gained momentum in the Midwest and South, […]
Housing starts sink deeper – May 19, 2020 The commerce department has posted a record decline in housing starts Tuesday, May 19, 2020. Permits for future construction also tumbled suggesting more uncertainty circulating around in the construction community. Housing starts fell 30.2% to a seasonally adjusted annual rate of 891,000 units last month and permits for future home construction declined by 20.8%. The decline was the largest percentage drop in history and the lowest housing start numbers recorded since 2015.
Where will the value of homes be after COVID-19? The true direction of real estate values is currently unknown as we explore unchartered territories due to COVID-19. Agents, homeowners, and prospective buyers are speculating across the nation as to what direction sales and prices will head later this year. The housing market pre-COVID-19 was fundamentally strong as we began the new year. Rolling into what some coined the new roaring 20s was exciting for many as we entered the longest economic expansion in U.S. history. Trends in the single-family housing inventory The current decline in markets was not a result […]