Today’s News Synopsis:
Real estate leaders speak out against racism. Working from home could actually help start a housing boom in the suburbs and smaller cities. Buyers and sellers are returning to the market according to a recent Zillow Weekly Market Report.
In The News:
MarketWatch – “Is this a good time to buy a home? Here’s what you need to know to score a deal” (6-1-2020)
“The coronavirus pandemic sent shock waves throughout the real-estate industry. But does that make now a good time to put in an offer on a property?.”
Zillow – “Zillow’s Weekly Market Report Shows Buyers and Sellers Returning” (6-1-2020)
“This week brought more evidence of buyers and sellers returning to the market as newly pending sales and new listings are up from the previous week.”
National Association of Realtors – “Sixty-Five Percent of Those Who Attended an Open House Within the Last Year Would Do So Now Without Hesitation” (6-1-2020)
“A majority of people – 65% – who attended an open house within the last year would do so now without hesitation, according to survey data released by the National Association of Realtors®.”
CNBC – “Five charts that track the U.S. economy as states reopen” (6-1-2020)
“As states gradually reopen, the U.S. economy is showing signs of life after one of the most significant downturns in history.”
Mortgage Professional America – “Here’s why the housing market will lead the post-COVID economic recovery” (6-1-2020)
“The housing market could lead US economic recovery after the COVID-19 pandemic abates, according to one expert.”
Mansion Global – “Remote Work Could Spark Housing Boom in Suburbs, Smaller Cities” (6-1-2020)
“Online real-estate platforms are reporting increased buyer demand as remote-work culture spreads, but whether they will find sellers remains an open question.”
The Real Deal – “Offerpad debuts home-listing service” (6-1-2020)
“Offerpad on Monday launched a real estate solutions division that lets clients list their homes for sale with Offerpad employees and use its concierge services to get those homes ready for market, Inman reported.”
Inman – “Real estate leaders speak out against racism as protests grow nationwide” (6-1-2020)
“CEOs at Compass, Keller Williams, Redfin and Zillow, among others, detailed steps their companies are taking to address racism in the real estate industry and inside their offices.”
Hard Money Loan Closed
Oceanside, California hard money loan closed. Real estate investor received loan for $570,000 on this single family property appraised for $850,000.
Aaron Norris will be presenting his latest talk Innovative Real Estate Marketing With NorcalREIA on Wednesday, June 10.
Bruce and Aaron Norris will be presenting Keep-Sell-Create in Sacramento on Saturday, June 20.
The Norris Group presents its award-winning black-tie event I Survived Real Estate 2020 on Friday, September 18.
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