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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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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Buyers Still Rely on Agents for Mortgage Help and Home Searches
While many homebuyers use online home listings to start their home search, more than 70% of previous homebuyers and almost 64% of first-time buyers said they find homes for sale via their agent.
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How Secure Is Your Keyless Entry Code?
Sixty-one percent use the same numbers as their bank account PIN, 58% use the same as their phone password and 43% use the same password for their email address for their keyless entry code.
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What Do You Wish Homebuyers Knew Before Starting the Process?
Bucks County Association of Realtors® President Scott Geller said he wished both buyers and sellers knew how hard Realtors® worked on their behalf. He said he wished buyers knew how much work it took for Realtors® to make the process look “easy.”
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