Inventory Remains Biggest Challenge for Agents
Forty-three percent of agents said they think inventory will increase over the rest of 2020, while 33% believe it will remain steady.
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Buyers Trust Realtors® Most for Homeownership Info, Survey Finds
Sixty-eight percent of survey respondents said they would use a Realtor® for homeownership information, more than any other source, while 29% said a Realtor® was the first place they turned to for homeownership advice, again, more than any other source.
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NAR Survey Shows Swift Rebound of Activity
“The residential market has seen a swift rebound of activity as numerous states have begun to ease mandatory stay-at-home orders,” said Lawrence Yun, NAR’s chief economist. “Many potential buyers and homesellers were kept at bay in the initial stages of the coronavirus outbreak, but Realtors® nationwide were able to quickly pivot, embracing technology and business practices to ensure the homebuying process continued in a safe manner.”
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Nearly 10,000 Combined Apply for CARES Rental and Mortgage Assistance
“PHFA has created a short video to explain the application process and a checklist for renters to review to ensure they’re submitting all of the necessary information,” according to Bryce Maretzki, PHFA director of Office of Strategic Planning & Policy.
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Consumers Optimistic About Housing Market
According to the Fannie Mae June 2020 Home Purchase Sentiment Index®, 61% of respondents think now is a good time to buy, up from 52% the previous month, while those who say now is not a good time to buy decreased from 39% to 27%.
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Are You There, Facebook? It’s Me, Realtor®
PAR handled over 8,000 tickets in our first year of answering hotline calls in-house – and plenty more in casual conversations or presentations made to local associations. But Realtors® have plenty of questions that get asked in other arenas and never make it to the hotline. How do I know? Because we see lots of […]
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Marking PAR’s 100th Anniversary: Past President Dominic Cardone
Dominic Cardone, who served as PAR president in 2007, recalls that during his presidency the association created the RPAC envelope for members to give their investments. Cardone is a large supporter and fundraiser for RPAC and he encouraged RPAC investments at every local association meeting he attended as president.
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NAR Advocating for Federal Priorities
Congress is currently negotiating a fourth round of stimulus funding to address the pandemic – dubbed “Phase 4.”
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Luzerne County Association of Realtors® Provide Meals to Hospital Employees
The Luzerne County Association of Realtors® recently recognized some essential workers in two of their community’s hospitals by delivering meals to them as a thank you for their service. Funding for the meals was provided by PAR’s Century of Service grants, which celebrate the state association’s 100th anniversary.
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What Do You Wish Sellers Knew Before Starting the Process?
“I wish my sellers knew that it’s a seller’s market right now with extremely low inventory, and many buyers looking to purchase. Pricing the process at the correct price is very important,” said Terry Solomon-August, president of the Luzerne County Association of Realtors®.
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