REAL ESTATE UPDATES OCTOBER 2020


		Kerry Jackson REAL ESTATE UPDATE

REAL ESTATE UPDATES OCTOBER 2020

2020 has been a challenging year. With so much happening across the country, you might be wondering how the current crisis is impacting real estate trends.

Whether you’re selling, buying or staying put, here's a roundup of the latest.

Why is the Housing Market Thriving in a Pandemic? ...

The No. 1 reason buyers are coming in is because of low interest rates.

Thanks to Telecommuting, over 2 Million Renters Can Become Homeowners ...

Millennials and renters in expensive coastal metros will benefit the most

		26% of Americans have taken advantage of some type of payment deferral plan
		About one in four Americans say that because of Covid-19, they've taken advantage of some sort of payment deferral program. Navigating these programs can be challenging, but experts say that taking some simple steps and doing your homework can help you avoid pitfalls.

		Real estate is still a popular investment pick. Here's what you need to know about buying in a downturn
		The coronavirus pandemic has made us all a lot more familiar with our homes, while also throwing up many questions over the future of the property market.

HOUSING INSIGHTS

One of the biggest surprises of 2020 is the resilience of the residential real estate market. Lawrence Yun, Chief Economist of the National Association of Realtors (NAR), is now forecasting that more homes will sell this year than last year. He’s also predicting home sales to increase by 8-12% next year.

If remote work becomes a bona fide long-term option especially with the pandemic, that could reshape the U.S. housing market by opening up homeownership to people renting in expensive parts of the country.

-Zillow Analyst Zack Tucker

TRENDS


		DID YOU KNOW? Greater Los Angeles


	11,000 homes are sold every day in the US

TRENDING

GENERAL NEWS & VIEWS

TOP PLUMBER TIPS TO PREVENT COSTLY HOME REPAIRS

A few simple plumbing habits can save you from big headaches later.

WANT TO SAVE MONEY ON GAS? FILL UP YOUR CAR ON THIS DAY OF THE WEEK

New data suggests one day of the week tends to offer the lowest gas prices, while midweek fill-ups can cost more.

7 PLANTS GARDENING PROS PREDICT WILL BE ALL THE RAGE IN 2026

Plants are getting a fresh update in 2026, with a shift toward low-maintenance greenery, bold statement varieties, and more intentional indoor styling.

INTERESTING READS

IT SOLD FOR WHAT?! YOU MIGHT HAVE A MINI FORTUNE HIDING AT HOME

Before you donate that old box, take a second look. Some comics, toys, games, and even VHS tapes have pulled shocking prices in recent years.

FRONT YARD LIVING TRENDS THAT COULD BOOST CURB APPEAL AND VALUE

How welcoming outdoor spaces are reshaping first impressions - and potentially resale appeal

SMART WAYS TO STAY SAFE FROM TODAY’S MOST COMMON SCAMS

Practical steps to protect your money and personal information from today’s most common scams.

Kerry Jackson

(626) 808 2500

[email protected]

CAL DRE#: 01977527