Feed aggregator

Brokerage Says Video Home Tour Requests Spike 500%

NAR Daily News Magazine - March 24, 2020 - 1:00am

House hunters are adapting their search. “The future of real estate has come earlier than any of us could have anticipated,” Redfin’s CEO says.

Categories: Real Estate

Mortgage Giants Ease Appraisal Requirements

NAR Daily News Magazine - March 24, 2020 - 1:00am

The FHFA says the action is to “allow for homes to continue to be bought, sold, and refinanced as our nation deals with the challenges of the coronavirus.”

Categories: Real Estate

‘I Will Survive’: This REALTOR® Is Getting the World Singing

NAR Daily News Magazine - March 24, 2020 - 1:00am

Ilana Minkoff was just looking to brighten up her evenings through song in her San Francisco neighborhood. She had no clue she was about to set off a Facebook singalong movement across the globe.

Categories: Real Estate

REALTORS® Step Up Relief Efforts in Response to Coronavirus

NAR Daily News Magazine - March 23, 2020 - 1:00am

These past Good Neighbors are overcoming tall obstacles to deliver food, shelter, and health care to the most vulnerable citizens.

Categories: Real Estate

Meet the 20th Anniversary Class of 30 Under 30

NAR Daily News Magazine - March 23, 2020 - 1:00am

See who was selected from this year’s field of finalists. Plus, find out who won the Web Choice voting competition.

Categories: Real Estate

Real Estate Q&A: How Is Coronavirus Affecting the Residential Market?

Daily Real Estate News - March 22, 2020 - 1:04pm

(TNS)—Coronavirus has changed the way we live, and I have received many questions about how it is affecting the real estate market.

So far, the residential real estate market has kept moving. While a few transactions have canceled, the vast majority are moving forward. Lenders are lending, and interest rates are strong.

If you are stuck at home, it is a great time to shop for a lower-rate refinance. Of course, until life gets back to normal, certain precautions are necessary.

Social distancing is a critical consideration. Experienced real estate agents can help buyers narrow down their choices and refine their expectations using online photo albums and virtual tours. Buyers can drive around the area they are interested in to get the feel of the neighborhood.

Even if you do not feel comfortable visiting your prospective new home, you can use this time to figure out what you can afford and which features are most important to you. Work with your lender to get your loan approved.

Most cell phones take great pictures and videos, making it easy for motivated sellers to help their agents beef up their listing.

While I am not recommending visiting a prospective house in person, I am aware that many people are still doing it. If you go this route, be cautious. The real estate agent and buyer should each take their own car. Follow published safety guidelines when looking around the house, avoiding crowds and touching surfaces, and maintaining personal distance. Use common sense and do not feel obligated to continue the tour if you feel uncomfortable for any reason.

The same goes for sellers. While it may be a bit rude to deny entry to a prospective buyer who is hacking and coughing, it is better safe than sorry.

When it is time to write the contract, you should get assistance making sure contingencies are added to account for this crisis. The real estate attorney community is all over this and ready to assist. Many documents can now be signed and even notarized online. Check with the closing attorney and lender to see if they offer this service.

If you do have to go to closing in person, make sure the title company has a detailed COVID-19 plan in place to deal with the crisis.

Gary M. Singer is a Florida attorney and board-certified as an expert in real estate law by the Florida Bar.

©2020 Sun Sentinel (Fort Lauderdale, Fla.)
Visit Sun Sentinel (Fort Lauderdale, Fla.) at www.sun-sentinel.com
Distributed by Tribune Content Agency, LLC

The post Real Estate Q&A: How Is Coronavirus Affecting the Residential Market? appeared first on RISMedia.

Categories: Real Estate

Strong February Sales Point to Market’s Sound Foundation

NAR Daily News Magazine - March 20, 2020 - 1:00am

Existing-home sales last month were the highest since 2007. Read more from NAR’s latest housing report.

 
Categories: Real Estate

The Most Googled Home Styles

NAR Daily News Magazine - March 20, 2020 - 1:00am

Which interior design styles are intriguing people the most?

Categories: Real Estate

Some iBuyers Temporarily Halt Instant Offers

NAR Daily News Magazine - March 20, 2020 - 1:00am

Online companies look to restart services soon, citing low inventory as a catalyst that will soon reignite the housing market.

Categories: Real Estate

Major Builder: Coronavirus Won’t Kill New Construction

NAR Daily News Magazine - March 20, 2020 - 1:00am

“Even in the current environment, we are selling homes,” says Lennar’s executive chairman.

Categories: Real Estate

Mortgage Rates Rise as Lenders Play Catch-Up

NAR Daily News Magazine - March 20, 2020 - 1:00am

However, economists remind borrowers that rates continue to be near historic lows.

Categories: Real Estate

Protecting Yourself From Coronavirus While Flying

Daily Real Estate News - March 19, 2020 - 4:05pm

(TNS)—If you must fly during the coronavirus outbreak, how might you protect yourself?

Don’t eat on the plane.

That’s one of the tips suggested by Dr. Barbara Ferrer, director of the Los Angeles County Department of Public Health, at a recent news conference:

  • If it’s a short trip, consider not eating. When you eat, you often put your hands in your mouth, and if your hands have touched a virus-infected surface, such as the seat tray, you don’t want to be putting your unwashed hands in your mouth.
  • Wipe down the area where you’re sitting on a plane. Bleach-based wipes and solutions with at least 60 percent alcohol can kill the coronavirus.
  • Wash your hands frequently. Scrub for at least 20 seconds with soap, remembering to lather the backs of the hands, between the fingers and under the nails.
  • Use hand sanitizer, with at least 60 percent alcohol, frequently. Hand sanitizer is helpful when you can’t wash your hands, but it doesn’t work on all types of germs.
  • If you’re seated next to a person actively coughing, ask to be relocated.
  • Under all circumstances, stop touching your face with unwashed hands.

The Centers for Disease Control and Prevention said airline crew should report to the CDC any traveler who has had a fever for more than 48 hours or has a fever and one of the following symptoms: cough, difficulty breathing or an obviously unwell appearance.

Any such passengers should be moved as far away as possible from other passengers and crew, ideally by at least 6 feet—the maximum distance that virus-studded droplets from a person’s cough or sneeze can travel before falling to the ground.

The flight crew should then offer a face mask if available and if the passenger can tolerate it. If not available, the sick person should be asked to cover their mouth and nose with tissues when coughing and sneezing, the CDC said.

This coronavirus can be given to other people through the saliva of an infected person being coughed or sneezed into the wet areas of a person’s face, like the eyes, nose or mouth. It can also be transmitted through a person using their hands to touch an infected surface, like droplets of saliva coughed onto a seatback pocket, and then touching their face with their unwashed fingers.

©2020 Los Angeles Times
Visit the Los Angeles Times at
www.latimes.com
Distributed by Tribune Content Agency, LLC

The post Protecting Yourself From Coronavirus While Flying appeared first on RISMedia.

Categories: Real Estate

What’s Next in DC? NAR Advocacy Team Is On It

NAR Daily News Magazine - March 19, 2020 - 1:00am

As the Senate works through its trillion-dollar COVID-19 aid package, NAR is making sure legislators see the impact on real estate.

Categories: Real Estate

Don’t Turn Off Buyers at the Door: Foyer Design Mistakes

NAR Daily News Magazine - March 19, 2020 - 1:00am

Make a good impression from the front entryway by avoiding these four common design faux pas.

Categories: Real Estate

Just as the Luxury Market Finally Took a Turn...

NAR Daily News Magazine - March 19, 2020 - 1:00am

Housing reports released this month show a luxury market that had found its footing heading into 2020.

Categories: Real Estate

New-Home Starts Dipped Even Before Coronavirus Panic

NAR Daily News Magazine - March 19, 2020 - 1:00am

Housing construction faces “significant headwinds” as it enters the spring season, the builder’s trade group says.

Categories: Real Estate

Fannie, Freddie, FHA Suspend All Foreclosures and Evictions

NAR Daily News Magazine - March 19, 2020 - 1:00am

Homeowners with government-backed mortgages will be able to "meet the challenges of COVID-19 without fear of losing their homes," HUD Secretary Ben Carson says.

Categories: Real Estate

Nearly Half of REALTORS® Say Buyers Are Retreating

NAR Daily News Magazine - March 19, 2020 - 1:00am

Home buyers and sellers are being cautious as more restrictions take place to control the coronavirus outbreak. Read more from NAR’s latest member survey.

Categories: Real Estate

REALTORS® Legislative Meetings and Trade Expo Is Going Virtual

NAR Daily News Magazine - March 18, 2020 - 1:00am

While in-person meetings are canceled, NAR will still hold a pared-down version of the Washington, D.C., meetings through video conferencing.

Categories: Real Estate

How to Keep Your Phone, Laptop and Car Germ-Free

NAR Daily News Magazine - March 18, 2020 - 1:00am

Everyday objects could potentially expose you to the coronavirus, including your phone. Here’s how to give it a cleanse.

Categories: Real Estate
Syndicate content