Realtor Marc Abouaf

The Market & Industry: Buyer interest rising, supply remains constrained A C.A.R. survey recently showed more REALTORS entering escrow and closing transactions, indicating that pending and closed sales should increase within the next week. And more REALTORS are reporting making listing appointments and showing properties than during previous weeks of the pandemic. This pattern suggests more much-needed supply may be coming on the market soon; at the moment, supply remains c...onstrained. Homebuyer interest, on the other hand, has continued to rise, with California mortgage applications up about 5 percent from where they were a year ago. While buyers may expect to score significant discounts during the pandemic, median prices in California have held fairly steady; although more sellers appear to be making concessions, the concessions themselves seem to be shrinking in size. During the week ending on June 2, COVID-19-related forbearance volumes declined by 34,000. This was the first decline since the pandemic began. Still, the total number of loans in forbearance remains high at 4.7 million almost 9 percent of all outstanding mortgages. A recent study from the Urban Policy Institute outlines the ways in which sudden economic disasters increase racial disparities in homeownership. These patterns are already starting to play out in the wake of the coronavirus; for instance, nearly 28 percent of black homeowners didn’t pay or deferred their mortgage payment in May, compared with 9 percent of white homeowners. Sources: C.A.R. Research & Economics, HousingWire, CNBC, Inman News, Market Watc

Hard Rock San Diego condo/hotel. for sale. I've got a great new investment listing if anyone has interest let me know, there are a lot of really nice perks of ownership here. If interested let me know and I'll share the financials. https://s.paragonrels.com/goto/xOOP-

Motivational Monday If you realize how powerful your thoughts are, you would never think a negative thought again. This is a challenge for all of us because of the negativity of the news that so many read and observe. Getting knocked down in life is a given, getting up and moving forward is a choice Zig Ziglar... A negative mind will never give us a positive life Earl Nightingale says control your thoughts because we become what we think about. If you have to choose between being kind and being right choose being kind and you’ll always be right. I’m telling all of our clients today that empathy, kindness and understanding are important in all conversations. Being miserable is a habit, being happy is a habit, the choice is ours. Practice like you’ve never won but perform like you’ve never lost. Since we’re moving into a virtual society, start practicing your presentations virtually if you want to win more often. Be strong, be healthy, be safe.

Leadership also means knowing who to follow and who and what to remove from our lives. Many of you ask me how I create a great mindset and effectively write, and express in the way I do, well it's a combination of deep inner thought, mindfulness, and a wealth of business coaches and mentors I've worked with for the past 10 years and more. Here are the words of one of my past coaches, just replace a couple of the words that she uses for my field of business for the field you o...perate in. ;-) " Coach's Corner While the world deals with the COVID-19 (Coronavirus) pandemic, it’s easy to get sucked into judgement, blame, and shame. People inherently like to know why, and the media perpetuates our desires by pointing the finger at as many sources as possible. And for what? Ratings. Plain and simple. Getting people up in arms and pitted against one another is their business. It is not, however, our business. We are in the business of serving others. Specifically, homeowners who, right now and in the days to come, need us most. This is not the time to point the finger (nor is it ever really). It’s also not the time to allow yourself to get drawn into the drama. What it is time to do is get prepared! Yes, as you have heard before, Luck is when preparation meets opportunity. Luck doesn’t just simply happen for the blessed few as it relates to having a successful business. It happens for those who stay focused on what is important and those things over which they have some control. Each and every day we must get out of bed, put on our business clothes (not our yoga pants ladies), eat healthy, and go about our work. What work, you might be asking? Put simply, just because you aren’t showing and selling property (in some areas) doesn’t mean you are unable to create a pipeline for when it’s safe and allowable. The phone still rings (or vibrates)! Email still sends! Text messaging still works too! People will call the agent who is top of mind when the time comes to make a move. Let’s face it, we are all in this together. We can sit in our homes and whine and complain and gripe, or we can be proactive and innovate. Now is the time to shine. Shine as an example to your kids. Shine for your past clients and neighbors. Shine just because you can! You are different! -Nikki B."

Home owners please read this regarding mortgage relief. https://www.npr.org//many-struggling-homeowners-not-gettin

Heads up California home owners Your PROPERTY TAXES DUE TOMORROW. Make sure you get it paid tonight and at latest no later then tomorrow so it can get post stamped by 4/10 otherwise you may be late. After reading the county plan for allowing late payments, I don't believe its smart to risk the 10% penalty. Here’s the link for San Diego you can pay online by electronic check or credit card https://iwr.sdttc.com/SanDiegoTTCPaymentApplica/Search.aspx