Many factors go into choosing where you will call home. Should you be most concerned about the location? Do you want something older or a new construction? You may even wrestle with whether a one-story ranch is suitable for your family or if a two-story home would be a better fit. The decision between a one-story or two-story house goes a little deeper than simple personal taste and preference. Here are a few things to consider before you make your choice.
There are over 3,800 two-story homes currently on REIN.com with a median list price of $330,000. There are over 1,900 one-story properties currently on REIN.com with a median list price of $220,000. Over 1,400 two-story homes sold in April compared to 850 one-story homes sold in the Hampton Roads area.
NAR sent a letter to the White House this week, urging further relief during the pandemic. The letter included a number of provisions to help REALTORS® and real estate remain a strong force in our economy. The proposals included:
NAR continues to work with the Administration and Congress on common sense solutions that provide relief during these unprecedented times.
You’re likely spending most of your time working from home. But your home office or workstation might not be fully equipped to handle how you’re selling real estate in today’s world. Now is the perfect time to set up a workspace with smart technology that will help you work more efficiently while you continue to serve buyers and sellers.
Your body’s sleep-wake schedule is controlled by your circadian rhythm. Smart bulbs, such as C by GE, can adjust the temperature of the bulbs from warm yellow glow to a bright blue-white light, allowing you to stay focused during the day and wind down during the evening. Since the C by GE smart bulbs need constant power to stay connected, they can be paired with C by GE smart switches for wall control or adjusted through the product app on your smartphone or your favorite voice assistant.
According to Healthline, people who sit for long periods of time every day have an increased risk of diabetes and heart disease. An adjustable sit-stand desk, such as the Airlift from Seville Classics, encourages you to stand—which, along with its health benefits, is said to increase productivity and makes you look better on video. The Airlift electric desk features a sleek modern design with a glass top surface and convenient USB ports located on the front of the desk that allow you to charge your devices. It’s easy to assemble, and memory settings make it easy to create healthy habits of standing while you work.
Whether you’re on yet another Zoom call or sending a personalized video to a client via BombBomb, it’s important to have a nice webcam. You can pick up an affordable full HD camera that clips right onto your monitor for only $50 to $100—Logitech is a great brand with a few different options. You also want to make sure you have good sound quality. You can either use the same earbuds you use for your smartphone or, for a more professional sound, consider a USB or 3.5 mm microphone that plugs into your computer. For more tips on how to set up for producing professional-quality videos at home, be sure to check out Rehumanize Your Business (Wiley, 2019) by Ethan Beute and Stephen Pacinelli.
4. Multiuse charger
Working all day tends to drain your batteries—literally. Lumicharge is an LED desk lamp, wireless phone charger, and speaker all in one. The cell phone dock makes it easy to keep an eye out for messages while charging. The dimmable display can show your calendar or the time and temperature, and the speaker can be paired with your favorite voice assistant.
HOME / BLOG / VIRGINIA’S HOUSING MARKET OUTPERFORMS OTHER STATES DURING COVID-19
While home sales activity has slowed across much of Virginia as a result of COVID-19, the Commonwealth’s housing market has demonstrated greater resiliency than many housing markets across the country.
In April, the number of home sales in Virginia was down 7% compared to April 2019. According to the National Association of REALTORS®, nationwide, April sales dropped 17% compared to last year.
The number of pending sales in Virginia in April was down 28% compared to a year ago. By comparison, NAR has reported pending sales down 34% nationally.
The ability of Virginia’s housing market to weather the COVID-19 pandemic better than other localities can be attributed to several key factors:
While the governor’s stay-at-home order this spring limited business activity, the real estate industry was not shut down like it was in some other places.
Virginia’s economy and housing market were very strong going into the pandemic, and there was a high demand for housing. Even in midst of economic uncertainty, home prices have risen more than 5% in Virginia since last year, illustrating the high demand.
While hundreds of thousands of Virginians have been impacted by job loss, the Commonwealth’s key economic sectors—including the Federal government and Professional & Technical Services sectors—have been relatively insulated from the downturn, which has allowed buyers to continue with home purchases.
The ability of REALTORS® to adapt to new business practices to protect the health of themselves and their clients has also made a tremendous impact. “Virginia REALTORS® have practiced responsible social distancing and pivoted to make extensive use of virtual tools to continue to transact business. This adaptability has been key to keeping Virginia’s housing market going,” says Virginia REALTORS® Chief Economist Lisa Sturtevant, PhD.
With the Commonwealth moving into Phase 1 of reopening and the governor’s stay-at-home directive scheduled to expire on June 10, Virginia REALTORS® expects there to be a spike in buyer activity in June before a more gradual return to a more typical market—albeit one that will include social distancing and virtual tools—over the next few months.
Stay-at-home orders caused by the COVID-19 pandemic have created opportunities for increased social media usage. Instagram is projected to see the greatest usage over all platforms including 2020 darling TikTok. That is to say, all user time has increased everywhere from Facebook, to Instagram, and Snapchat. eMarketer projects Instagram’s gains to be sustained for the next few years.
People are consuming more video content in particular. Large parts of the engagement are coming from IG Live, Facebook Live, and short video clips. If current trends continue, eMarketer estimates that users will spend an average of 1 hour and 20 minutes per day on social media this year. Previous estimates were 6 minutes shorter.
Pre-pandemic, time on Instagram was only projected to grow 1.5% this year. Prior reports have shown its growth as mostly flat in comparison to other photo/video sharing social media apps. In an SEJ interview, eMarketer senior forecaster Oscar Orozco said “Because of COVID-19 it’s (Instagram) actually going to see the biggest, strongest growth out of all of the socials that we cover. Nearly 14% growth. That’s about 3.2 minutes when you add that up.” He adds “And we do expect that there will be a slight decline in 2021, but a lot of this will be sticky behavior. It will be sustained into the future.”
Snapchat is close behind with an estimated 12% growth this year, equally just under 30 minutes per user per day.
Facebook has seen a downturn in usage in previous years, but is expected to see positive growth of 4.3% in 2020. Orozco said “That’s about an increase of a little bit over a minute. So it’s not super significant like we’re seeing for some of the other socials like Instagram and Snapchat. But it is a positive story.” Facebook users are estimated to spend 34 minutes or more per day on the platform.