Rob Norquist, July 2020

No one could have anticipated the pandemic and the stay-at-home orders in 2020.  The adjustments we’ve all had to make and work through will make us stronger real estate professionals.  We’ve been learning new avenues and procedures to conduct business, change our outlooks and forecasts and learn to sit still.  Many of these changes will be very positive for our profession and the consumer.

Last month we noticed an uptick in activity.  California statistics are showing that more REALTORS® had listing appointments in the last few weeks and more transactions closed escrow.  Jobless claims have decelerated for 10 consecutive weeks and forbearance approvals have slowed dramatically.  The middle of June showed more showing activity than we experienced in June 2019.  New mortgage applications also showed a huge gain as well.  These are all good signs for us and the consumer.

Keep moving forward.  We’re in this together!

Here are a few graphs to show you what we’re seeing lately across California.

This slide is from the C.A.R. Survey taken early June 2020.