Existing-Home Sales Jump in June Existing single-family home sales jump in June. The data showcases the number of existing single-family homes that have sold during a given time. The Nation Association of Realtors (NAR) records and posts the data monthly to help consumers, investors, and real estate professionals understand the current health of the real estate market across the United States. The report is broken down by regions and includes data for the West, Midwest, South, and Northeast regions. Condominium and co-op sales are also included in the report published by NAR, however, the NAR also publishes a breakout report […]
What Will Homes Look Like In A Post-pandemic World? A lot has changed in just a few months, and for many that includes the idea of what a ‘dream home’ looks like. Not long ago, buyers were showing preference toward smaller homes and open concept spaces conducive to gathering. After a few months cooped up inside, those features don’t seem so appealing – and developers have taken note. “While the coronavirus still rages on, it’s hard to predict what post-pandemic abodes might look like,” according to Barrons. “Yet, developers around the U.S. are already rethinking projects, anticipating residents’ needs and preferences […]
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.
New U.S. home sales free fall by about 15.4% in March according to the monthly report from the U.S. Census Bureau and Department of Housing and Urban Development. The largest decline since July 2013 is expected to continue at least in the short term as COVID-19 continues to damage real estate markets around the world. The Census Bureau collects new home sales based upon the following definition: “A sale of the new house occurs with the signing of a sales contract or the acceptance of a deposit.” The house can be in any stage of construction: not yet started, under […]
A New Beginning in Real Estate A fresh new look has formally been introduced into the competitive Beverly Hills real estate world. A new beginning in real estate at Coldwell Banker Realty in Southern California rolls out a new logo with an exciting message of unification. Coldwell Banker Realty has real estate offices and agents all around the world in international markets. Coldwell Banker Realty’s new Sneek Peak program has the ability to reach approximately 45,000 agents across the country before your listing is published in the multiple listing service (MLS). Coldwell Banker Realty is bringing together the entire company […]