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AUGUST 20th, 2020 Local Buzz
The Real Estate Redwood house of real estatE Page 5 Page 6
may 1st, 2021

6 Wellness Tips for Daily Success
Personal wellness is key for personal growth. This article gives advice for incorporating wellness into all parts of your day, from morning to evening and
throughout the workday, all without shelling out money for a coach. These are very practical tips, including exercise and nutrition. This article describes
rather than prescribes, allowing you to personalize the advice for your life and schedule. More: https://tinyurl.com/worth0620a
By Reena Vokoun, Thrive Global

A Quarter of Realtors® This Week Report Homes Coming

Under Contract Without Buyers First Visiting the Property

A quarter of Realtors® with clients putting business activity now than before the
contracts on homes this week had at least one economic lockdown.”
do so without physically seeing the property,
according to a new survey from the National NAR’s latest Economic Pulse Flash Survey –
Association of Realtors®. For those clients, conducted April 12-13, 2020 – asked
the median amount of homes toured – either members about how the coronavirus outbreak
virtually or in person – before putting a has impacted the residential and commercial
contract on a home was just three. NAR’s real estate markets. Several highlights
2019 Profile of Home Buyers and Sellers include: consumer, and Realtor® perspectives on
found buyers typically looked at nine homes down payments and family involvement in the
before placing a contract on a home. A third of Realtors® – 33% – reported no home buying process. Several highlights
closing delays. For those reporting delays, the include:
“Expect second-quarter home sales activity to top reasons listed included delays in
slow down with the broad observance of stay- financing, appraisals and home inspections. Nearly a quarter of Millennials – 24% –
at-home orders, but sales will pick up when Residential tenants are facing rent payment received down payment assistance from a
the economy reopens as many potential home issues, but many delayed payment requests parent or relative.
buyers and sellers indicate they’re still in the are being accommodated. Forty-one percent A majority of Realtors® – 65% – said that in
market or will be in a couple of months,” said of property managers reported being able to the last five years they’ve had clients receive
NAR Chief Economist Lawrence Yun. accommodate tenants who cannot pay rent down payment assistance from a parent or
“Home prices remain stable as deals continue and about a quarter of individual landlords – relative.
to happen with the growing use of new 24% – said the same.
technology tools. Remarkably, 10% of NAR also today released its 2020 Down
Realtors® report the same level or even more Payment Expectations & Hurdles to Home Copyright NATIONAL ASSOCIATION OF REALTORS®.
Reprinted with permission.
Ownership report, which offers home buyer,

All Information is believed to be true but not guaranteed. The information contained in this letter is intended for general informational purposes. It should not substitute as legal, financial, accounting, investment, medical or
other professional services advice. This letter is not intent to solicit real estate properties currently listed for sale through a licensed real estate company.