Real estate commissions: Who pays whom?
A closer look at transparency about compensation for agents on both sides of the transaction
https://www.washingtonpost.com/realestate/a-move-toward-clarity-on-real-estate-commissions-paid-by-buyers-and-sellers/2020/05/26/534248ea-5cd0-11ea-9055-5fa12981bbbf_story.html
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Seattle-area home price growth was second to only one other U.S. city early in pandemic
For the second month in a row, home prices around Puget Sound grew faster in March than in any other major American city save Phoenix, according to the latest release of the S&P CoreLogic Case-Shiller Home Price Index.
https://www.seattletimes.com/business/real-estate/seattle-area-home-price-growth-was-second-to-only-one-other-u-s-city-early-in-pandemic/
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Is the housing market already rebounding from COVID-19?
An update on the 5 indicators that will show when the market is back on track from the pandemic
https://www.housingwire.com/articles/is-the-housing-market-already-rebounding-from-covid-19/
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When is the best time to buy or sell a house in Seattle during the pandemic? We asked the experts
The novel coronavirus pandemic has added a lot of uncertainty to every part of life in the Seattle area, and the housing market is no exception.
https://www.seattlepi.com/coronavirus/article/best-time-to-buy-or-sell-a-house-during-pandemic-15287608.php
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Can Bigfoot help sell a $1 million house? One California broker says, ‘Made you look’
Coldwell Banker Realty agent Daniel Oster did all of the customary work to market a high-end property in California’s Santa Cruz Mountains.
https://www.oregonlive.com/realestate/2020/05/can-bigfoot-help-sell-a-1-million-house-one-california-broker-says-made-you-look.html?outputType=amp&_js_v=0.1&usqp=mq331AQFKAGwASA=
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S&P/Case-Shiller WA-Seattle Home Price Index
Observation: Mar 2020 Updated: May 26, 2020
https://fred.stlouisfed.org/series/SEXRNSA
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Today’s Interest Rate Environment - A Challenge For Investors And Their Fixed Income Allocation
The Role of Bonds in a Portfolio while Interest Rates are Low
https://www.forbes.com/sites/randywarren/2020/05/27/todays-interest-rate-environmenta-challenge-for-investors-and-their-fixed-income-allocation/#2d9f4e76caf9
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Virtual Reality’s Role in Global Real Estate Market Expands Due to Coronavirus
Social distancing amid the outbreak has caused a seismic shift in how buyers and brokers do business
https://www.mansionglobal.com/articles/virtual-realitys-role-in-global-real-estate-market-expands-due-to-coronavirus-213291?link=TD_mansionglobal_new_mansion_global.11147f181987fd93&utm_source=mansionglobal_new_mansion_global.11147f181987fd93&utm_campaign=circular&utm_medium=MANSIONGLOBAL
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Steps to Pivoting Your Business in 2020 During COVID-19
There is no doubt that 2020 has been a tumultuous year for the real estate industry. As an agent, you have had to pivot your business to keep it running smoothly. Last week, we had No. 1 Real Estate Educator Tom Ferry on our Secrets of Top Selling Agents webinar to share some steps for taking your 2020 plan and completely flipping it to keep your business running.
https://rismedia.com/2020/05/28/steps-pivoting-business-2020-during-covid/?utm_source=newsletter&utm_medium=email&utm_campaign=eNews
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Covid-19 is squeezing the US housing supply
Coronavirus has significantly constrained the construction of new homes, according to the most recent housing data from the US government, even while city dwellers rattled by the pandemic are increasingly interested in buying new houses in the suburbs.
https://qz.com/1858759/covid-19-is-squeezing-the-us-housing-supply/
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Most Vulnerable Housing Markets
The analysis of the American Community Survey (ACS) suggests that renters and young adults under the age of 34 are likely to face higher prolonged unemployment risks as a result of the coronavirus pandemic hitting the labor market. The labor market risks are also uneven across states, with state economies heavily reliant on leisure, entertainment, retail and personal services being most vulnerable.
http://eyeonhousing.org/2020/05/most-vulnerable-housing-markets/
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Have Pending Home Sales Hit Bottom? Experts Expect Markets to Rebound Soon
April marked two consecutive months of declines for pending home sales, according to the National Association of REALTORS’® (NAR) Pending Home Sales Index (PHSI). Every major market saw a decline, with total YoY pending home sales transactions down 33.8 percent, and decreasing 21.8 percent from March.
https://rismedia.com/2020/05/28/have-pending-home-sales-hit-bottom-experts-expect-markets-to-rebound-soon/
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Continuing Jobless Claims Drop
The U.S. Department of Labor released the Unemployment Insurance Weekly Claims Report for the week ending May 23rd. Initial claims have declined for the eighth straight week after it hit a record peak of 6.9 million in the week ending March 28th. Continuing claims dropped by 3.86 million in the week ending May 16th, suggesting some unemployed workers are finding jobs or being rehired as states reopen.
http://eyeonhousing.org/2020/05/continuing-jobless-claims-drop/
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Five Homes You Can Buy for $35 Million
Thirty-five is the atomic number of the chemical element bromine. It’s also the minimum age for United States presidential candidates. When you see the number 35 frequently, it’s said to be an angel number that signifies you have divine forces looking after you
https://blog.coldwellbankerluxury.com/five-homes-you-can-buy-for-35-million/
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Phases of reopening: Over half of Washington's counties enter Phase 2
Though the state officially is in Phase 1 of the four-phase reopening plan from Washington’s stay-home order, more than half of the counties in the state have been allowed to proceed to Phase 2 and loosen social distancing restrictions even further.
https://www.king5.com/article/news/health/coronavirus/washington-state-counties-phase-1-and-phase-2-reopening-coronavirus-covid/281-e005d001-006c-4ce5-bac9-67adbd1b4755
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Weekly Housing Market Monitor
NAR Research compiles the latest housing market data in this weekly monitor, based on what REALTORS® are seeing in their market, mortgage data, jobless claims, foot traffic, and the latest home sales numbers.
https://www.nar.realtor/research-and-statistics/research-reports/weekly-housing-market-monitor
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Market Hotness Index
Metro Hotness - Zip Code and County Hotness
https://www.realtor.com/research/reports/hottest-markets/
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HOUSING STATISTICS
Housing Statistics offers 43 different sets of data, downloadable either as Excel or PDF files (updated weekly). Housing data and primary indicators of the industry are housed in one easy-to navigate location containing historical and current sets of statistics such as: Housing Starts (by Region & Structure Type), Homes Sold by Region, Producer Price Indexes (for Building Materials), Manufactured Homes, New Home Characteristics, Residential Vacancy & Absorption Rates, Units Under Construction, Value of New Construction, and many more.
http://www.nahbclassic.org/reference_list.aspx?sectionID=819&channelID=311
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Economic Indicators
U.S. Census Bureau Economic Indicators
https://www.census.gov/economic-indicators/
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Local Market Reports
All real estate is local and every market is unique. To help REALTORS® and other housing market analysts get the most out of the plethora of data that is available, NAR Research produces a series of Local Market Reports (LMRs) which provide insights into the fundamentals and direction of the nation's largest metropolitan housing markets. Each report evaluates a number of factors affecting home prices, including:
https://www.nar.realtor/research-and-statistics/research-reports/local-market-reports
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CoreLogic Home Price Insights
The most geographically comprehensive and current home price index.
http://www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_151103_aHqc0&elq=d6379903117d41bcbe7b9f6a82f2189a&elqCampaignId=2692&elqaid=7659&elqat=1&elqTrackId=097f671c98fc48249757d8ddbd229326#.Vj1WlvnnuUl
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Bureau of Economic Analysis
U.S. Economy at a Glance
http://www.bea.gov/index.htm
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Mortgage Market Survey Archive
Compilation of Weekly Survey Data for 2015
http://www.freddiemac.com/pmms/archive.html
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Housing Economics
NAHB produces in-depth economic analyses of the home building industry based on private and government data. Our economics group surveys builders, home buyers, and renters to gain insight into the issues and trends driving the industry.
https://www.nahb.org/en/research/housing-economics.aspx