>>LAUREN VERNO: WELCOME BACK EVERYONE SO THIS MIGHT BE SOMETHING YOU RELATE TO RIGHT
NOW A RECENT ARTICLE FROM THE
NEW YORK TIMES NOTES THAT
SCROLLING THROUGH REAL
ESTATE LISTINGS IT’S QUICKLY
BECOMING A NEW FAVORITE
ACTIVITY FOR A LOT OF FOLKS OUT
THERE. IN FACT
ZILLOW REPORTS A CONTINUOUS
SURGE IN TRAFFIC TO FOR-SALE
LISTINGS WITH AN INCREASE OF
MORE THAN 50% IN THE EARLY
MONTHS OF
THE PANDEMIC ARE CROSSING OR
THE REGIONAL VICE PRESIDENT OF
WATSON REALTY CORE IS JOINING
US TO EXPLAIN THIS TREND, GOOD
MORNING
TO YOU.
>> GOOD MORNING. THANK YOU FOR
HAVING ME, YES, SO YOU KNOW
PEOPLE ARE SCROLLING I GUESS
THE QUESTION IS ARE THEY
BUYING.
>> WELL I ACTUALLY ABSOLUTELY
THEY ARE AS YOU MENTION ZILLOW
SEE THAT
BIG BUMP. AND THEIR TRAFFIC AND
THOSE FOLKS ARE ARE ACTUALLY
BUYING AND CREATING MORE OF
OUR DEMAND. IN IT’S IT’S NOT
JUST A LOW AS IT IS EVERYWHERE
AND LOSS OF REALITY.
WE HAVE A 40% SPIKE IN A
PROPERTY SEARCH AND THEY’RE
STAYING ON THE SITE LONGER.
THEY’RE LOOKING AT MORE
LISTINGS END AND THAT’S
TRANSLATED TO OVER
12,000 TRANSACTIONS.
>> THROUGH THE END OF NOVEMBER
FOR WATCHING WATCHING WOW YOU
KNOW I I LIVE IN SAINT JOHNS
COUNTY AND I KNOW
FRIENDS WHO HAVE DECIDED TO PUT
THEIR HOUSE UP FOR SALE NOW
WHEN MAYBE THEY WERE LIKE OH I
WANT TO DO TO MAYBE 2 YEARS BUT
THEY’RE DOING IT NOW BASED ON
RATES AND THEN BASED ON WHAT’S
OUT THERE.
>> ABSOLUTELY AND OBVIOUSLY THE
MORTGAGE PLAY A PART IN THAT
MAKES HOUSING
MORE AFFORDABLE. PEOPLE ARE
REALIZING THIS WHOLE STAY AT
HOME WORKING
FROM HOME IS IS REALIZING THAT
THEIR HOMES DON’T REALLY FIT
THEIR ANYMORE. AND SO THEY’RE
LOOKING AND SEARCHING THAT
WOULD BETTER FIT THEIR NEEDS.
AND THAT’S NOT JUST WE SEE IT
KIND OF ACROSS THE NATION
AND THERE. THERE ARE FOLKS IN A
DENSELY-POPULATED EXPENSIVE
MARKETS LIKE THE NORTHEAST AND
ACROSS CALIFORNIA THAT. LOOK
FOR IF THEY CAN WORK FROM HOME,
WHY NOT
MAKE FLORIDA SO ACCORDING TO
THE NEW YORK 1000 PEOPLE A DAY.
ARE MOVING TO FLORIDA MAY BE IN
THE RIGHT HERE IN NORTHEAST
FLORIDA. AND THAT’S CREATING
EVEN
MORE DEMAND.
>>LAUREN VERNO: AND QUITE A
SELLERS MARKET, YEAH, AS FAR AS
INVENTORY GOES, I KNOW NOWADAYS
IT’S LIKE IF YOU SEE THE HOUSE
YOU BETTER JUMP ON
IT QUICKLY.
>> ABSOLUTELY HERE IN NORTHEAST
FLORIDA. WE HAVE THE LOWEST
INVENTORY THAT WE’VE SEEN AND
PROBABLY DECADES. ALLIE IS WE
NEED
MORE FOLKS. TO PUT THEIR HOMES
ON THE MARKET AND I THINK IT’S
IMPORTANT FOR FOLKS UNDERSTAND
AND REALIZE THAT AS THEY’RE
SEARCHING FOR THEIR
DREAM HOME. OTHER PEOPLE ARE ON
THE WEB SEARCHING
AS WELL AND YOUR PROPERTY MAY
VERY WELL BE THEIR
TREE HALL. IT’S IMPORTANT TO GO
AHEAD AND MAKE THAT MOVE.
>>LAUREN VERNO: YEAH I DO HAVE
A QUESTION FOR YOU THOUGH,
BECAUSE WE MOVED ABOUT A YEAR
AGO, AND IT WAS A LITTLE NERVE
WRECKING OUR HOUSEHOLD IN LIKE
3 DAYS. AND NOW
WE’RE LIKE WHERE ARE WE GOING
SO HOW DO YOU KIND OF TIME THAT
OUT IF YOU’RE THINKING I’D LIKE
TO PUT ON THE MARKET ITSELF
QUICK. HOW DO YOU MAKE SURE
THAT TRANSITION IS SMOOTH.
>> YET MANY
PEOPLE HAVE THAT SAME CONCERN
IS THAT MY MY HOUSE SO QUICKLY
WILL I BE ABLE TO THE RIGHT
HOME AND WE HAVE CREATIVE IDEAS
TO HELP WITH THAT TO BE ABLE TO
ENSURE THAT
YOU’LL BE ABLE TO THAT BETTER
SUIT YOUR NEEDS.
THE TIME IT MAY NOT BE PERFECT
YOU MAY NOT BE ABLE TO MOVE
RIGHT FROM ONE END
TO ANOTHER. BUT THAT’S ALWAYS
THE CASE AND I WOULD I WOULD
SAY THAT THERE ARE WAYS THAT
WE CAN HELP PEOPLE MOVE THROUGH
THAT CHALLENGE AND WHEN YOU
LOOK FOR TO 2021 QUICKLY DO YOU
THINK THIS TREND CONTINUES FOR
MOST OF THE YEAR DOES IT SLOW
DOWN.
>> ABSOLUTELY ALL THE
ECONOMISTS ARE SAYING THAT
IMAGE OR IT WILL BEGIN
TO RISE. HOME VALUES WILL
CONTINUE TO INCREASE PROBABLY
IN THE 3 TO 8%.
PRICE RANGE. WE’RE EXPECTING AT
LEAST A 5% BUMP AND ACTUAL
HOME SALES. AND I THINK THAT
MORTGAGE RATES WILL REMAIN
RELATIVELY LOW IN THE 3 TO 3
AND A QUARTER PERCENT RANGE SO
ABSOLUTELY WE SEE THAT
TREND CONTINUING.
>>LAUREN VERNO: ALL RIGHT SO
MAYBE TAKE A HOLIDAY BREAK AND
THEN GET ON IT AT THE BEGINNING