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The Good News of 2020?

 

January 17, 2021
Good morning,
 
For the past 3 weeks closed sales have been rising by more than 30% compared to early 2020 levels. Despite declining inventory, nearly 10,000 homes have already closed through last weekend throughout the state.
 
The market remains very competitive with days on the market hovering near historic lows through the first two weeks of the year and fewer properties closing below the asking price.
 
Information + Updates
Did You Know? Lennar Homes are making a big push into single-family rentals, targeting a new set of customers at a time when surging prices threaten to push homeownership out of reach for many. The Miami-based company is laying the groundwork to develop thousands of rental houses, seeking to raise $2 billion for the initiative. 
 
Did You Know? US residential construction has largely weathered the pandemic thanks to steady demand and low-interest rates. Worksites nationwide are humming with good, paying jobs at a time when 1 in 8 workers are receiving unemployment checks yet some construction firms complain of a labor shortage... U.S. construction employs roughly 5% of the nation’s workforce (7.3 million employees) at some 680,000 firms, according to the Bureau of Labor Statistics (BLS). The industry is essentially its own economy, building hundreds of billions of dollars worth of structures each month. Many parts of the sector are hurting because of the pandemic. But in others, there’s too much work to go around. And acute labor shortages, especially SKILLED labor. (Bloomberg)
 
Did You Know? After years of reports that he was purchasing agricultural land in places like Florida and Washington, The Land Report revealed that Bill Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland portfolio spanning 18 states....and is now the US' largest farmland owner.
 
Did You Know? Federal Reserve Chairman Jerome Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery. (CNBC)
 
Did You Know? It’s Whale season….Get out your paddleboards and your binoculars. Not only are we having amazing sunsets but now the whales passing by…..
The Good News of 2020?
If there was ever a year to have a Pandemic….
2020 is the best year so far….
 
New Listing Coming Soon
81 Emerald Bay
$12,250,000 | 6492 SqFt
 
4 Bedrooms, 2 Offices, Gym, Room for a wine cellar.
Featured Listing
In Escrow
Vacation Leases
The Emerald Bay Market
There are currently 7 homes for sale in Emerald Bay
ranging from $4,380,000 to $15,995,000.

 

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Maura Short is known for her strong work ethic, broad industry know-how, and passion for architecture, in addition to her extensive network, confidentiality, and moral code. Combined with her wide-ranging local expertise, all of these assets result in favorable outcomes for both buyers and sellers under her care.
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