10 Big Real Estate Ideas | The Light

10 Big Real Estate Ideas | The Light

10. We are experiencing one of the strongest housing markets in history. Low mortgage rates have created some of the most affordable buying opportunities ever. Our survey of July housing market conditions confirmed a huge 63% sales jump year over year nationally. The second home market is exploding, with homes in convenient, drive-to-locations in highest demand.

9. The land market is hot! 60% of land brokers rated their markets as hot or on-fire during 2Q2020.

8. The Great American Move is underway. The shift to staying home has given many people the opportunity to work from wherever they want, a trend that is benefiting exurban regions in the affordable West and the affordable South. As a result, boom markets like Austin, Phoenix, Salt Lake City, and Tampa are recovering faster. Watch the “new boomtowns” of Charlotte, Denver, Dallas, and Nashville—they are not far behind!

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AUGUST 2020 MARKET REPORTS

AUGUST 2020 MARKET REPORTS

Below you will find links to the July 2020 Kansas City Housing Market Report from the Kansas City RegionalmAssociation of REALTORS® and Heartland Multiple Listing Service. Highlights from the August data include:

  • August 2020 average sales price for new and existing homes combined ($284,480) is 12.4% higher than August 2019.

  • There were 4,130 home sales (new and existing combined) for August 2020, which is 2.9% lower than last August (4,254).

  • Home inventory (new and existing combined) for August 2020 (4,566) is 51.5% lower compared to August 2019 (9,422).

  • The supply of new and existing homes for August 2020 is currently 1.4 months.

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Multifamily Family Built-for-Rent Share Reaches New High

Multifamily Family Built-for-Rent Share Reaches New High

According to NAHB analysis of quarterly Census data, the market share of rental multifamily construction starts increased to 96% during the second quarter of 2020. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. An average share of 80% was registered during the 1980-2002 period.

During the second quarter of 2020, there were only 3,000 condo multifamily units that started construction. There were 76,000 rental apartment starts. Condo construction has been weak since the end of the Great Recession.

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9 Influence Strategies While Working With Investors

9 Influence Strategies While Working With Investors

The field of influence and persuasion is all about how to communicate more effectively to influence what actions and decisions others are making most effectively. Kids want to influence their parents to buy them candy, the waiter at your table wants to influence you to purchase a bottle of Closed Domain Princely Wine of Liechtenstein instead of the house red wine, and you are trying to persuade potential investors that you will not waste your time and that they should take a 20-minute introductory meeting with you. Influencing others is needed to survive and studying it can produce great returns in your ability to get things done.

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July 2020 Real Estate Market Reports

July 2020 Real Estate Market Reports

Below you will find links to the July 2020 Kansas City Housing Market Report from the Kansas City Regional Association of REALTORS® and Heartland Multiple Listing Service. Highlights from the July data include:

  • July 2020 average sales price for new & existing homes combined ($283,683) is 11.4 percent higher than July 2019.

  • There were 4,625 home sales (new & existing combined) for July 2020, which is 8.6 percent higher than last July (4,259).

  • Home inventory (new & existing combined) for July 2020 (5,014) is 45.7 percent lower compared to July 2019 (9,237).

  • The supply of new and existing homes for July 2020 is currently 1.5 months.

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