Retail Giants Bet on Small Concept Stores to Lure Shoppers
As Online Shopping Continues to Dominate, Some Retail Chains Experiment Bloomingdale’s, the 160-year-old luxury department store chain, is joining several other national retail chains in experimenting with much smaller versions of their stores that feature heavily curated merchandise — an apparent effort to compete amid the rise of online shopping. The COVID-19 pandemic changed many consumer behaviors, including
Video Calls: Best Practices for Real Estate Professionals
What Are the Best Ways to Look Professional While on a Video Call? Nearly a year and a half after the COVID-19 pandemic first hit the United States, many restrictions have been lifted. But video calls, which quickly entered the mainstream as we all quarantined at home, aren’t going anywhere. For real estate professionals, video calls have become
U.S. Cities Offer Incentives to Lure in Remote Workers
Remote Work Could Change Where People Live Cities and counties across the U.S. have launched programs to lure remote workers to their regions, capitalizing on pandemic-era changes that have allowed tens of millions of people, especially in industries such as technology, to work from anywhere. Read More
Vacation Home Sales Skyrocket During COVID-19 Pandemic
Vacation Home Sales Surge During COVID-19 Pandemic In the months after COVID-19 hit the United States, vacation home sales shot up, likely the combined result of low-interest rates, a desire to escape amid social distancing and lockdown, and an unprecedented ability to work from anywhere. It’s part of a major cultural shift around work and homebuying in the
Making the Leap From Commercial Real Estate into Residential
Leaving Commercial Real Estate for Residential Has Its Benefits With COVID-19 still ravaging society, many people are reconsidering their careers. This Great Pause is allowing professionals across all industries to take a step back and think to themselves, “Is this what I really want to be doing with my life?” When it comes to commercial real estate agents,
Sleep Where You Work: How WFH is Changing the Modern Home
How Will the Modern Home Change With Everyone Working From Home? According to a recent Stanford study, 42% of the U.S. workforce has been working remotely full-time since the initial COVID-19 lockdowns began. A smaller study that surveyed 1,022 professionals claims that, of that number, 29% would quit their jobs if they had to strap on their
5 Reasons Why You Shouldn’t Become a Real Estate Agent
You Need to Read This Before Deciding to Become a Real Estate Agent Oh thank the heavens, you have found this blog. While you may not know it yet, we have saved you from making a life-altering and tragic decision. We can probably get past all the small talk and pleasantries and assume you’re considering a career
2020: 10 Best Real Estate Facts Agents Need to Know
These Are the 2020 Facts Agents Need to Know for Their Careers Regardless of COVID-19, the residential real estate market has been red hot the past year. Markets around the country have seen record numbers, including a big increase in home value and a drop in average days listed. Much of this can be attributed to an
Coronavirus: Which Housing Markets Are Recovering?
Tight Housing Inventory & Historically-Low Mortgage Rates Fuel the U.S. Housing Recovery A recent report from Realtor.com indicates that as states slowly reopen their economy, the once-stagnant housing market has begun to surge. Two contributing factors to this rise can be pinpointed to the 30-Year Mortgage Rates hitting historic lows (2.86 percent) and a more competitive housing
Banks Fear Downgrade as Commercial Real Estate Flounders
How Will COVID-19 Hurt Commercial Real Estate & the Banks Backing Their Holdings? The past decade has seen a remarkable rise in our economy as a whole. Almost every industry has seen massive gains, both in the spreadsheets and in the stock market. However, with the onset of coronavirus back in March, a high level of uncertainty
How Much Money Can You Make Flipping Homes?
Making Money Flipping Homes Can Exponentially Increase Your Yearly Income If you’re trying to become or currently are a real estate agent, there’s probably a good chance you’ve stumbled upon one of the millions of home renovation shows and thought to yourself, “Heck, I can do that.” You probably have most of the skills you need to
What Would Clark Griswold Do During a COVID-19 Thanksgiving?
Overcome a COVID-19 Thanksgiving With Ideas Inspired by America’s Favorite Family Man, Clark Griswold Thanks to COVID-19, the usual traditions of gorging on drumsticks while fighting with your in-laws about what truly constitutes a violation of an agency’s fiduciary duties - something you can learn about for your NAR Code of Ethics requirements - are out the
Black Friday’s Impact on Commercial Real Estate in 2020
Black Friday's Lack of Appearance in Retail Stores Hurts Commercial Real Estate Most of us are curious what Black Friday will look like this year given the multitude of changes brought on by COVID-19. No doubt that 2020’s Black Friday shopping will look different across the country for in-store purchases, but for online shoppers, there’s no need
5 Reasons Why Real Estate Agents Should Use Virtual Reality
Discover the Benefits of Inserting Real Estate VR Into Your Practice With the onset of COVID-19, technology in real estate has quickly gained traction, including real estate VR. Over the past few years, many brokerages and individual agents have incorporated new technologies, but adoption was few and far between. Now, as people stay at home and rely
How is Coronavirus Affecting Commercial Real Estate?
Commercial Real Estate Has Been Affected Tremendously by COVID-19 In 2008, there was a cloud of uncertainty regarding normal people paying off their mortgages. The economy was in ruins, new jobs were sparse, and the market had shrunk by over 6 percent at year’s end. Fast forward to 12 years later, and a new problem has arisen
Life After COVID-19: What Should Real Estate Agents Expect
What Will Real Estate Look Like After COVID-19? Real estate agents are understandably concerned about how COVID-19 will affect day-to-day life. The death of the handshake. Wearing masks to PTA events. People actually washing their hands after using the bathroom (for a change). Life after coronavirus may be hard to imagine. The way this pandemic has tarnished our
Six Ways to Keep Your Brain Sharp Working in Real Estate
SHARPEN YOUR BRAIN FOR WORKING IN REAL ESTATE When it comes to the human mind, you either need to use it or you’ll lose it. It’s not just a statement people make, but an actual fact as proven by MRI images of brain atrophy. Fortunately, working as a real estate agent requires you to “use it” when completing
