Congratulations to my friend @Realtor.com CEO David Doctorow - @ddoctorow is an @Inman Innovator of the Year finalist! David is inspiring innovation...@realtorpro "Closing the Gap” campaign was also recognized as a finalist in the Marketing category - get it!
... huge demand by buyers to escape dense cities and decamp to suburbia and more space, low interest rates, forbearance plans, and the 7mm single-family homes=now rentals. https://t.co/LzEbiQ61dI
Inventory of homes is currently just 1.04 million units, or 1.9 months of supply, record lows. Due to insufficient homebuilding over the past decade, Boomers aging in place, Covid-19 preventing sellers from listing...
... Had December’s sales of 540,000 occurred in July, it would have resulted in a seasonally adjusted rate of just 5.3 million. The December SAAR number is so high because December sales have averaged about 400,000 since 2005.” Good stuff from my friend Elliot Eisenberg
“Existing-home sales jumped in December to a seasonally adjusted annual rate (SAAR) of 6.76 million, the highest level since 2006. Usually, sales weaken in December but due to Covid-19 seasonality has disappeared...
"Just wanted to thank Stacey Taylor for her over the top performance as my agent. I had 5 offers on the first day. House sold quickly. Thanks Drew Coleman and team." says Rick on Google, via @Birdeye_ https://t.co/khs8lfqePh