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.

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		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


	National home values have risen more than 53% since 2012

TRENDING

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Kerry Jackson

(626) 808 2500

[email protected]

CAL DRE#: 01977527