California home prices to grow more slowly next year, Realtors forecast, but sales may be stronger
A sign points the way toward new homes for sale at Hamilton Cottages in Novato.
Home Improvement
I am CSO of the Bridge Group, responsible for sales and customer success.
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While there are a lot of good and positive things about remote working (especially avoiding lengthy commutes and traffic), there are also downsides that we’ve never had to deal with before. At first, working at home was kind of a nice change. Many sales reps who used to travel three out of every four weeks of the month could now spend more time with their families or have more time to themselves. However, as the work-from-home situation continues, many of them are starting to feel even more isolated because they are not used to being at home this much. They miss being on the road, spending time with their team and visiting with clients face to face. It’s been a real adjustment.
Here are some tips to help your sales team feel connected and avoid
Ultra-low mortgage rates and pent-up demand for single-family homes will offset continued economic uncertainty and a supply shortage in 2021, with the net result being a 3.3% increase in California home sales and a modest 1.3% increase in the median price next year versus 2020, according to a California Association of Realtors forecast published Tuesday.
A sign points the way toward new homes for sale at Hamilton Cottages in Novato.
Fog shrouds new homes under construction last month in South San Francisco. Sales are expected to grow next year, after being dampened by pandemic restrictions this year.
2/2 SLIDES
With only a few months left to go, sales this year are expected to be
Home sales and prices in the San Antonio area soared in September amid pent-up demand, low interest rates and a tight supply of available homes.
Buyers in Bexar and surrounding counties closed on 3,623 homes last month, up about 32 percent from September 2019, the San Antonio Board of Realtors reported Tuesday. Sales year-to-date are up about 8 percent compared with the same period in 2019.
The median price rose about 11 percent to $261,200.
“The significant growth in sales compared to last year shows the housing sector as a possible factor to move the economy forward,” said Kim Bragman, SABOR’s 2020 board chairman. “We are hopeful to see a positive growth of sales for the remainder of the year.”
On ExpressNews.com: Skyline: More details about plans for $560 million mixed-use development near Pearl
Around 68 percent of the homes sold in September were priced between $200,000 and $499,999, compared
New-home sales also rose sharply in August to their highest level since September 2006. Sales of newly built homes reached an annual rate of 1.01 million in August 2020, 43.2 percent higher than in August 2019, according to the Census Bureau. New-home sales were also up 4.8 percent compared to July 2020.
Low inventory and high prices
While demand for houses is strong despite the coronavirus pandemic, the shortage of homes for sale means that prices are rising rapidly in many markets. The number of existing homes for sale dropped by 18.6 percent in August 2020 compared to August 2019, according to NAR. Inventory of newly built but unsold homes also dropped dramatically by 40 percent compared to August 2019 to the lowest supply since the data has been tracked beginning in 1963.
For the Washington area, the median listing price was up 9.2 percent for the week ending Sept.
The BRC has released figures covering the five weeks from 30th August-3rd October 2020, showing a sales increase of 5.6% on a total basis.
In September, UK retail sales increased 6.1% on a like-for-like basis from September 2019, when they had decreased 1.3% from the preceding year.
Over the three months to September, in-store sales of non-food items declined 12.3% on a total and 9.5% on a like-for-like basis. This is better than the six-month and 12-month total average declines of 29.6% and 18.8% respectively. Over the three-months to September, non-food retail sales increased by 5.2% on a like-for-like basis and 3.2% on a total basis.
Online non-food sales increased by 36.7% in September, against a growth of 3.5% in September 2019. This is below the three-month average of 39.7% but above the 12-month average of 26.3%.
“September saw a big improvement in retail sales growth, however sales over the
Consumers increased spending on improving their homes and stockpiling goods in September in preparation for a tightening of restrictions, providing a boost for retailers.
Sales in the UK rose 5.6 per cent last month compared with the same period a year ago, according to data from the British Retail Consortium and the consultancy KPMG. That was above the six-month average decline of 1.1 per cent and the best annual growth rate of any month since December 2009, it found.
“September saw a big improvement in retail sales growth,” said Helen Dickinson, chief executive at the BRC, whose survey covers about 60 per cent of the industry.
“With office workers still at home for the foreseeable future, the sales of electronics, household goods and home office products have remained high,” she added. In contrast, more time spent at home and the cancellation of public events “have continued to hold back clothing
North Texas home sales surged in September – up 27% from a year ago.
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It was the largest such annual price gain in more than a decade.
Real estate agents sold 11,408 single-family homes, a record number of purchases for the month of September, when sales typically slow.
But not this year.
Record low mortgage rates have caused a run on home buying even in the face of the COVID-19 pandemic.
Last month’s huge home sales increase is the fourth month in a row of double-digit percentage sales gains from 2019 levels, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.
September’s year-over-year gain was the largest yet.
“It’s amazing that sales are up 27% over last years, but not surprising based on what I have been hearing,” said Paige Shipp, a housing analyst with CDCG Asset
Columbus Day, a federal holiday, and Indigenous Peoples Day are Monday, Oct. 12, and retailers once again see this long holiday weekend as a time for sales.
Online home retailer Wayfair is slashing up to 70% off on select items during a clearance event. Bedroom furniture starts at $99, bedding sets at $39.99 and storage solutions at $19.99.
Kitchen and dining furniture and ceiling and wall lights are up to 50% off, living room seating and wall art are up to 60% off and area rugs are up to 70% off.
Save up to 50% on outdoor furniture and up to 55% on TV stands, living room tables and bathroom upgrades.
See more sales on kids furniture, entryway furniture, table and floor lamps, kitchen essentials as well as small electronics and appliances.
If you’re already shopping, here are highlights:
Columbus Day sales, unlike Labor Day sales or even Fourth of July sales, aren’t really a thing. If you consider it for a second—and remind yourself that Christopher Columbus was a monster who didn’t discover anything—you realize Columbus Day shouldn’t really even be a holiday. This year’s “holiday,” which we will now only refer to as Indigenous Peoples Day, is even stranger, thanks to its proximity to a delayed Amazon Prime Day. The mega-retailer will flex its muscle with an onslaught of discounts literally the day after the occasion. Based on our initial scans, it seems like most of the other tech and home goods retailers are holding their sale cards close to the chest, waiting to unleash their best deals until Prime Day begins in earnest. But for now, there’s still some decent price drops available on a range of gear, especially home tech and furniture upgrades. Here’s some
Below is a compilation of properties sold in Orleans Parish from Sept. 7-11. Data is compiled from public records.
New Orleans
District 1
Banks St. 4517: $355,000, Gayle Farrington and Larry Farrington to Amanda Elise Johns.
Baronne St. 339; Baronne St. 341: $1,775,000, Jon Vaccari Fleming and Stephen Fleming to Anvil South LLC.
Baudin St. 3916-18: $495,500, Pasadena Development Co. Inc. to John P. Moreci and Rebecca A. Moreci.
Baudin St. 4620: $575,000, Haley Goshert Sulser and Michael B. Sulser to David B. Akers and Rita Scheck Akers.
Coliseum St. 1765: $259,000, Louisiana Coastal VIII LLC to Joseph W. Lewis IV and Monica Stewart Lewis.
Coliseum St. 1765: $319,000, Louisiana Coastal Viii LLC to Debra M. Hensley and Phyllis M. Guedry.
Constance St. 1339 – 1341: $727,000, Lauren Ashley Owens Libby, Robert S. Libby and Russell P. Libby to Austin Durant Mozee Carr and Erica Grubbs Carr.
Magazine St. 1552-54:
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