Roughly 2.7 million U.S. adults moved in with a parent or grandparent in March and April as the coronavirus pandemic spread, potentially costing landlords hundreds of millions of dollars in monthly rent payments.

Here is the breakdown:

+ There were 32 million adults living with their parents or grandparents in April, the highest number on record.

+ More than 80% of those who recently moved back in with their parents are Gen Zers.

See graph here: https://www.zillow.com/research/coron...

How does this affect the real estate market? The demand for larger houses will be increasing as multi-generational households increase. Watch this quick video for details...

According to Barron's magazine "The Mother of all Bidding Wars is Coming" 

They point to several key factors:

• The Mortgage Bankers Association Purchase Index for the week ending on June 5 was up 13% from the same week a year ago.
•  Robert Shiller, who predicted that house prices in the suburbs would rise faster than those in city centers in coming years, as buyers, now practiced at working from home, seek more social-distancing space.

• Glenn Kelman, CEO of Redfin (RDFN) says traffic growth for his online listings for houses in suburbs and small towns has outpaced that for in big cities by 164% over the past two months.

• Inventory of existing homes for sale was the lowest on record for the month, according to the National Association of Realtors. And bank forbearance has reduced foreclosures, further restricting supply. How do you thrive in a low supply market?

Watch this video for tips on working with buyers and sellers when inventory is at all time low and bidding...

The National Association of REALTORS recently conducted a study of buyer types and one group has accelerated to become the clear winner in purchasing housing.

While it's easy to throw money at marketing that may or may not be effective savvy agents go where the data takes them. Watch the video to learn three ways to quickly target today's biggest buyer pool as well as which group of buyers is shrinking quickly.

The National Multifamily Housing Council, a trade organization representing apartment owners, surveyed 11.4 million apartment units and found that 80.2% of apartment households made full or partial rent payments by May 6.

That number is down slightly from 81.7% on May 6 of last year, but up from 78% on April 6 of this year. This is great news investors - but many are still nervous about eviction moratoriums affecting their market.

Check out this easy script that can unlock opportunities for working with investors in your area:

“How did you do with rent collection last month? There is some goods news I came across today that I thought you might be interested in hearing nationally 80.2% of apartment households made their rent payment by May 6th – last year that number was 81.7% so not to far off. The biggest challenge I am hearing from rental owners is with the eviction moratorium, but buyers are still in the market, and demand is still high. Have you ever thought about...

If you are looking for a way to move sellers off the fence and unlock more inventory try using the Trade Up Script!

As buyer demand continues to surge our biggest challenge is finding quality listings. Using the Trade Up Script you can not only secure more listings you can also add more buyers to your pipeline (every seller becomes a buyer!)

“With interest rates hitting 50-year lows over the past 6 weeks (in the low 3% range) many homeowners are trading up to their dream home with very little change in their payment. The reason is if you are paying more than 4% on your current home and we can help you buy your next home at closer to 3% - that difference - gives you way more buying power. You can get that extra bedroom, the shop you always wanted, your dream kitchen, or even a pool. Seriously this is an amazing time to buy a home. Give me a call today to set up your dream home search.”

Ready to upgrade your real estate career with a system that you can plug into today...

Looking for way to stand out with your marketing?

Check out this quick video with digital arts expert Jon Reinhart as he explains how to begin using 360 Photography and Video to enhance your listings and how to create incredible virtual open house experiences for your clients to create more engagement.

Ready to upgrade your real estate career with a system that you can plug into today that offers massive value and is led by one of the most successful Brokers in the country?

Hop on a discovery call to learn about The Path Performance Coaching Platform

During this podcast thought leader and real estate industry insider Justin Stoddart shares his ideas on creating your own economy. By being creative, using technology while maintaining "high touch" relationships with clients top REALTORS are still dominating the market.

Listen as Justin provides specific, tactical advise on how to use Zoom more effectively, the power of virtual pop-bys, the important of connection, and how to use social media and you tube more effectively as a marketing tool.

Be sure to check out the whole episode and don't miss his ideas on the most valuable real estate you can occupy on social media!

Ready to upgrade your real estate career with a system that you can plug into today that offers massive value and is led by one of the most successful Brokers in the country?

Hop on a discovery call to learn about The Path Performance Coaching Platform.

Explore The Path Performance Coaching 

Have you added a walk-thru video to all of your Zillow listings?

If not watch this quick tutorial for a lesson in how to add video using the Zillow Premier App for your phone. (You don't have to be a paid zillow premier partner to use the app or enhance your listings)

To download the app click this quick link: https://premieragent.zillow.com/products/app/

By adding video to your listings on Zillow you can instantly upgrade your listings, increase the number of showings, and potentially receive more offers.

Considering a Real Estate Coach? Schedule a Discovery Call 

Schedule a Discovery Call with Jim Remley Today! Implement game changing lead generation strategies, grow your sphere of influence, improve your presentation skills, build systems, tap into follow up tools, learn time management strategies, and tap into your true potential. This is your time to create the business and life you deserve!