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This Week in Real Estate

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The index measuring home builder confidence has risen to its highest score ever this month and Fannie Mae predicts This Week in Real Estate that mortgage volume will reach an all-time high of $3.9 trillion this year. Below are a few newsworthy events from the third week of September that influence our business: Builder Confidence Reaches 35-Year High in September.The National Association of Home Builders and Wells Fargo Housing Market Index rose five points to 83 in September – the highest score the series has seen since its inception 35 years ago, according to a release from NAHB on Wednesday. In September, all HMI indices, including current sales conditions, sales expectations and traffic of prospective buyers, reported their highest readings ever, the release said.Regionally, the West continued to see the greatest confidence in the three-month moving averages – jumping seven points to 85.Full Story…https://www.housingwire.com/articles/builder-confidence-reaches-35-year-high-in-se…

Facebook | Real estate business pillar #5

Introducing the Real Estate Pillars series! Here we will be discussing
the 14 different pillars you can use to build your real estate business.
Today's video is about the Facebook pillar. We recommend focusing on 4
or 5 of these to create a solid business plan. Each pillar will be
discussed in a separate video, so stay tuned to learn 14 different ways
you can maximize your real estate career.

Is the Economic Recovery Beating All Projections?

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Earlier this year, many economists and market analysts were predicting an apocalyptic financial downturn that would potentially rattle the U.S. economy for years to come. They immediately started to compare it to the Great Depression of a century ago. Six months later, the economy is still trying to stabilize, but it is evident that the country will not face the total devastation projected by some. As we continue to battle the pandemic, forecasts are now being revised upward. The Wall Street Journal (WSJ) just reported:“The U.S. economy and labor market are recovering from the coronavirus-related downturn more quickly than previously expected, economists said in a monthly survey.Business and academic economists polled by The Wall Street Journal expect gross domestic product to increase at an annualized rate of 23.9% in the third quarter. That is up sharply from an expectation of an 18.3% growth rate in the previous survey.”What Shape Will the Recovery Take?Economists have historically…

The Surging Real Estate Market Continues to Climb

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Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following:Housing Demand – Growth in online search activityHome Price – Growth in asking pricesHousing Supply – Growth of new listingsPace of Sales – Difference in time-on-marketThe index compares the current status “to the January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a market’s index value, the higher its recovery and vice versa.”The graph below charts the index by showing how the real estate market started out strong in early 2020, and then dropped dramatically at the beginning of March when the pandemic paused the economy. It also shows the strength of the recovery since the beginning of May.Today, the index stan…

Puyallup Virtual Office Tour

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Is Now a Good Time to Move?

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How long have you lived in your current home? If it’s been a while, you may be thinking about moving. According to the latest Profile of Home Buyers and Sellers by the National Association of Realtors (NAR), in 2019, homeowners were living in their homes for an average of 10 years. That’s a long time to time to be in one place, considering the average length of time homeowners used to stay put hovered closer to 6 years.With today’s changing homebuyer needs, especially given how the current health crisis has altered our daily lifestyles, many homeowners are reconsidering where they’re at and thinking about moving to a home with more space for their families. Here’s why it might be a great time to make that happen.The real estate market has changed in many ways over the past 10 years, and current homeowners are earning much more equity today than they used to have. According to CoreLogic, in the first quarter of 2020 alone, the average homeowner gained approximately $9,600 in equity. If…

Investors | Real estate business pillar #4

Introducing the Real Estate Pillars series! Here we will be discussing
the 14 different pillars you can use to build your real estate business.
Today's video is about the Investors pillar. We recommend focusing on 4
or 5 of these to create a solid business plan. Each pillar will be
discussed in a separate video, so stay tuned to learn 14 different ways
you can maximize your real estate career.