Real Estate Agents Received Billions In PPP Loans During The Pandemic

Real Estate Agents Received Billions In PPP Loans During The Pandemic

June 06, 2022

More than $3.9 billion in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80 percent of that amount was forgiven. Some agents who thrived financially during the pandemic also had tens of thousands of dollars in COVID-19 relief loans forgiven, a new report finds. Real estate entities that said […]

Read more

Half Of Homebuyers Cry At Least Once While Shopping For A Home: Zillow

Buying a home can be as stressful as planning a wedding or getting fired for Americans, half of whom find themselves in tears at least once during the process, according to a new survey. Conducted by Zillow, the survey found that 50 percent of homebuyers said the process left them in tears, with millennial and […]

Read more

Betty White’s L.A. Home Snags Buyer Who Wants To Build Anew

After the successful sale of TV legend Betty White’s beach house in Carmel, her Los Angeles home has also found a buyer, according to Architectural Digest. The “Golden Girls” star died in 2021 at the age of 99 and left behind some prime real estate. The Brentwood property, which was the beloved star’s main residence […]

Read more

10 Cities Where Nature Enthusiasts Can Still Afford To Live Today

COVID-19 sparked seismic shifts in how Americans live, and one change that’s still going strong today is the itch to ditch those languishing gym memberships and hop on a bike, go on a hike, or otherwise embrace the great outdoors. For real. A record-high number of individuals (53%) participated in outdoor recreational activities in 2021 […]

Read more

The Labor Shortage Is Real. But Its Impact On Real Estate Will Surprise You

When the coronavirus pandemic hit, a lot of people in real estate ended up out of work. Furloughs took place at Realogy and Redfin. Opendoor, Compass, Douglas Elliman and Realtor.com parent, Move Inc., all announced layoffs. Executives cut their pay, and all-in-all it looked like the economy, generally, and real estate, specifically, were headed into […]

Read more

12 Things Real Estate Agents Should Look Out For When Being Recruited

It can be exciting and flattering for agents to be courted by a new brokerage when looking for a career change. But it’s also important that agents remain level-headed throughout the process and not be easily distracted from their professional goals by shiny objects. Here’s what some agents who have recently made strategic moves have […]

Read more

Before You Take The Plunge: What To Know Before Becoming A Part-Time Agent

Ready to begin your real estate career by going part-time? Joel Lock offers his tried-and-true advice for agents taking the dual-career plunge. Looking for more advice? Check out Inman’s New Agent Essentials. Who doesn’t love watching their favorite real estate influencer’s adventures touring multi-million dollar properties, working with interior designers, networking, and (my personal favorite) […]

Read more

It’s National Homeownership Month. Here’s How To Address Un-fair Housing

Un-fair housing is an impediment to homeownership. Without fair access and opportunity to buy a home in this land of the free, homeownership likely feels to those denied like a nightmare, not the American dream. June is our annual reminder (not that we have necessarily forgotten) to advocate for homeownership for all. Now, with federal […]

Read more

3 steps to recession-proof your real estate business

The market is shifting. NAR is forecasting that home sales will fall by 9 percent this year. Fannie Mae predicts a “modest recession” on the horizon in 2023. The inflation rate is at a 40-year high. While economists stress we’re not heading for another 2008, we seem to be done with the era where every […]

Read more