How Every Agent Can Help Solve Our Inventory Shortage

Every agent today needs more listings. If you had another listing, you would have another sale; it’s that simple.

What’s not simple is solving our inventory shortage. According to the National Association of REALTORS® (NAR), inventory in July 2020 was 21 percent lower than 2019’s already anemic levels. Making things worse, homeowners move once every 13 years today, up from every eight years in 2010, according to Census data.

The Current and Future State of Residential Real Estate

Mortgage rates are at record lows this year, which might call into question how much mortgage rates may continue to drop and what could be the larger impact on residential real estate.

A webinar hosted on October 15 by Todd Teta, Chief Product and Technology Officer at ATTOM Data Solutions, and Eric Fox, Vice President Statistical Modeling, Analysis and Research Development at Veros, provided some insight to help answer these questions.
Cozy Up Your Listings With Pumpkin Spice-Inspired Decor

It’s that time of year again: Ignite the pumpkin explosion all over your taste buds and even throughout the insides of your home. Add a little pumpkin spice to your home staging to give homes a cozy vibe this autumn season.

But as always, be careful not to overdo. Hints of orange may be just enough to give a color pop and cozy feel that so many buyers apparently are craving—particularly 2020’s crazed season.
Median Home Price Hits Record

U.S. Home Prices Up a Record 15%

The median home sale price increased 15 percent year-over-year to $320,625—the highest on record, according to a report from Redfin.

Redfin said the previous largest increase ever recorded in the Case-Shiller national home price index was 14.5 percent in September 2005.

“Large, expensive, luxury homes are taking up a bigger share of the homes that are selling, which is driving a high growth rate for the median sale price,” Redfin Chief Economist Daryl Fairweather said in a release. “Remote work is increasing demand from affluent people, while middle-income people are more often expected to do their jobs in-person, and many have been affected by furloughs and shutdowns.”
Work Anniversary

Kudos to Tavia on her 9 year work anniversary with the firm!!
The firm also participated in the "Homeward Bound for Those Who Served" project facilitated by Voluntary Service at James A. Haley Veterans' Hospital and held on "Make A difference Day", Saturday, October 14.

The Medical Foster Home program provides placement for approximately 60 non-service connected Veterans who are dependent, chronically or terminally ill with limited family and financial support. This project makes it possible for extra niceties for Veterans residing in the medical foster homes. We were able to purchase a gift card and show our support for these specific Veterans.
The firm also made a monetary contribution to the organization I Matter Too, a nationally growing nonprofit organization that mentors the most severely orphaned, abused and neglected children, through the love of Jesus Christ.

The contribution went towards the purchase of books for the "Bedtime Stories" Series. For 6 weeks, 2 days a week, an I Matter Too reader will read to the children bedtime stories. Ages 3-14. After a series, they are mailed a book they heard and loved from the series. This could be a book like "Corduroy" or a full series of books like Goodnight Princess and Warrior" or "In Grandmas Attic".