Levin Rinke Realty Blog
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1
Buying a Home Right Now: Easy? No. Smart? Yes.
Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry's leading showing management technology provider, buyers have started to reappear over the last several weeks. In the latest report, they revealed:
"The March ShowingTime Showing Index® recorded the first nationwide drop in showing traffic in eight months as communities responded to COVID-19. Early April data show signs of an upswing, however."Why would people be setting appointments to look at prospective homes when the process of purchasing a home has become more difficult with shelter-in-place orders throughout the country? Here are three reasons for this uptick in activity: 1. Some people need to move. Whether because of a death in the...
10
Will Surging Unemployment Crush Home Sales?
Ten million Americans lost their jobs over the last two weeks. The next announced unemployment rate on May 8th is expected to be in the double digits. Because the health crisis brought the economy to a screeching halt, many are feeling a personal financial crisis. James Bullard, President of the Federal Reserve Bank of St. Louis, explained that the government is trying to find ways to assist those who have lost their jobs... 18
The 2020 Real Estate Market During COVID-19
What Can We Learn From H1N1?
- Real estate transactions saw a slow down of 3.5%. (Assumption: The population was still recovering from the 2008 home crisis and this epidemic closely followed that before the market made a full recovery.)
- The median price of homes (not average) sold only dropped .2%.
5
How Much "Housing Wealth" Can You Build in a Decade?
Earlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership.
Below are three graphs depicting the most important data revealed in the study.
How much have home prices increased?
One of the first measures of the financial benefits of homeownership is the net worth (in the form of equity) an owner can build over...7
Portofino Buyer's Guide 2020
Now Is The Time To Own The Portofino Lifestyle
Portofino Island Resort is truly a world-class beach to bay experience unlike any other. The Portofino Lifestyle is a perfect balance of health, fitness, relaxation, recreation, and adventure which is why more people are choosing Portofino than ever before. Due to recent market adjustments, there is a once-in-a-lifetime opportunity to own your Portofino tower residence today at a historic value. Due to rising demand, evaporating supply, and rising rental rates, this opportunity won't last long!
Supply & Demand
Pensacola Beach will never be overbuilt. Our lack of supply is due to the DCA (depa...