Below, you will find some helpful links to data and articles that reliable industry sources posted this month. We found them useful and interesting, so I decided to compile them to share with you. Any relevant links we have missed, feel free to drop in the comments on Facebook!
Realtor Magazine- Home Sellers Stand to Gain More Equity This Winter
Inventory shortages are poised to continue to drive increasing equity even outside of seasonal norms.
Realtor Magazine- Relief May Come Soon on New-Home Prices, Builders Say
Lumber futures appear to be falling, and that is good news for both builders and buyers.
Realtor Magazine- Buyers Under Pressure as Homes Continue to Sell Quickly
It is not news that homes are selling quickly, but the data shows that one of the areas of the country with the largest increase in the speed of sale is right here in Hampton Roads.
The two trends noted in the title of this article are just two of a growing list of changes spurred by the pandemic.
National Association of Realtors- 2 Pandemic Housing Trends With Staying Power
Though many of the pandemic-caused changes in the home buying market may be short lived, there are some which seem to be here to stay. What are they and why will they stick around?
Zillow- Intense Competition Pushes Share of Homes Selling Above List to Record High
More homes than ever are selling above their list price, and Virginia Beach is one of the areas that has seen the biggest growth in that metric.
Forbes- 14 Long-Term Digital Marketing Strategies For Your Real Estate Business
Digital marketing is something that agents today cannot afford to ignore. What are some steps to set yourself up for success?
National Association of Realtors - NAR Examines Technology’s Role in Real Estate’s New Normal
The title pretty much says it all on this one, and they cover everything from 5G to AI.
Forbes- Three Tips To Avoid An Offseason In Real Estate
In a market this hot, there may be steady business through what is sometimes the annual slowdown, but this article provides some tips to avoid a seasonal sales slump in the future.
Realtor Magazine- What Real Estate Has to Be Grateful For in 2020
The real estate market has definitely been a high point of an otherwise weird year. Realtor Magazine lists 7 reasons to be thankful for the year real estate had.
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