Flash Briefing
NAR Takes Action to Drive Inclusivity in Real Estate Industry
The National Association of Realtors recently announced a mentorship initiative to match experienced agents with budding real estate professionals in historically marginalized communities. The new initiative is called NAR Spire and will improve real estate opportunities in underserved communities for both real estate professionals and potential homeowners. So what is the impact? How will Spire’s…
Read MoreLow Listing Inventory Marketing Strategies and Renters Shifting to Home Ownership
Low-listing inventory across the nation forces agents to use bold marketing strategies that message to potential sellers. Although competition among buyers remains high, more millennials are expected to make the switch to homeownership in 2021.
Read MoreThe Fair Housing Act, Springtime Inventory, and New Construction for First Time Home Buyers
Low listing inventory and high demand has created a lean market for home buyers across the nation. On top of the increase in median listing price, first-time homebuyers face the added challenge of rising material costs for new construction homes. The month of April marks the anniversary of the 1968 Fair Housing Act — making April a time to remember America’s history of financial discrimination and a time to support a future of equal opportunity in the housing market.
Read MoreDistressed Commercial Real Estate, Consumer Optimism, and Virtual Staging
The pandemic has caused an increase in funds for distressed commercial properties with nowhere to spend it. Overall, the housing market is looking up, and American consumers are feeling optimistic about the economy as vaccine distribution continues. Virtual staging technology continues to thrive as the pandemic wanes, suggesting that no-contact real estate technology may be…
Read MoreLow Inventory, Builder Production, And Flipping During a Pandemic
Even with the dip in inventory, the market is still outperforming pre-pandemic levels. Builders are slowing down production to catch up with a backlog of projects while trying to keep construction prices in check. Lastly, home flipping is just one way the residential real estate market will stand in stark contrast to the commercial real estate market moving forward.
Read MoreAlternative Appraisal, Cash-out Refis Surging, Covid-19 & Multifamily Design
As more people work from home, employment verification has been challenging. With a cash-out refi, homeowners pay off their old mortgage and start a new one that allows them to have extra cash left over, similar to what happened before the start of the 2008 crash. Lastly, Covid-19 may create lasting impact on multifamily designs in the future.
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