This is Why Riverside has remained the

THIS IS WHY RIVERSIDE HAS REMAINED THE COUNTRY’S TIGHT HOUSING MARKET!

Ruby Frazier

The latest insights on what’s happening around the Riverside housing market are as follows; the median listing price in Riverside was $509,900 as of November 23, representing a less than 1% change from October 2020, according to Movoto. Moreover, home resale inventories in Riverside were 312, representing a 10% decline since October 2020. Data from Movoto also shows that the median list price per square foot in Riverside market was $276, which is the same figure for October 2020. Also, distressed properties such as foreclosures and short sales didn’t change in November from October in the Riverside housing market.

From the few insights above, it is clear that the Riverside real estate market is thriving well and tight with housing activities amid the pandemic. You may be wondering why the Riverside market has remained tight and thriving better than most markets across the country. Below are some of the reasons.

1. HOME APPRECIATION RATES.

Over the last ten years, the Riverside housing market has recorded some of the largest home appreciation rates compared to other markets countrywide. The market has appreciated 103.12% over the last ten years, translating to 7.34% annual home appreciation rate. This puts Riverside in the top 10% nationally for housing appreciation. Further, according to NeighborhoodScout, Riverside market recorded a 4.58% home appreciation rate in the last 12 months, which is slightly above the national average. Appreciation rates in the Riverside housing market have made it so attractive to homebuyers and investors.

2. LOCATION.

Riverside, CA, is located within close proximity to Los Angeles and San Diego, the two most prominent housing markets in California. Therefore, it’s clear that the Riverside market has significantly benefitted from its location. Moreover, Riverside sits in an area overflowing with industrial activity, otherwise known as the Inland Empire. The ports of Los Angeles and Long Beach have been bustling due to the recent industrial developments happening in Riverside.

3. ECONOMIC ACTIVITIES.

More companies are opening up in Riverside, translating to strong growth in local employment. Moreover, major corporations are establishing warehouses in Riverside to cater for their growing needs. Despite the pandemic, most economic activities are doing well in Riverside. This is attracting a lot of people from all over looking for jobs, consequently driving the demand for more houses.

Moreover, the growing economy within the Riverside housing market played a significant role in reducing foreclosures in the first half of 2020 by half. This is a huge change considering the Riverside housing market had one of the biggest ratios of foreclosures countrywide.

The Riverside housing market is currently experiencing low housing inventory like the other markets across the country. The market was a seller’s market in October 2020 and is expected to remain that way moving forward. The Riverside housing market is also expected to continue booming with activities going forward as there are no signs of a possible crash. Also, the housing prices are expected to continue rising as long as the market remains a seller’s market.

Works cited.

https://www.movoto.com/riverside-ca/market-trends/. https://www.fortunebuilders.com/riverside-real-estate-market/.

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COVID-19 ROADMAP AND THE SEARCH FOR VACCINE

In the year 2019, the world experienced one of the deadliest viruses in the history of human existence- the novel Coronavirus 19, commonly known as Covid-19. The outbreak of this deadly virus started in Wuhan, China, and it quickly spread like a rampaging wildfire to different parts of the world. Gradually, it found its way to the United States. The US recorded its first Covid-19 case on January 21, 2020, when a young man from Washington man returned from

Wuhan.

Since then, the United States, like every other part of the world, has been battling this deadly virus. The Center for Disease Control and Prevention (CDC) reported that the first local transmission of the virus in California was a patient who has no travel history to any region with the outbreak. The patient also didn’t have any history of coming in contact with anyone diagnosed with the virus. Different states in the US, including New York, Washington, and Oregon, announced their respective community transmission cases.

SEVERITY

As of late November 2020, statistics show that there are about 62.8 million total Coronavirus cases in the world. Out of all these infected people, 40.2 million have recovered, and 1.46 million have died. However, the United States has about 13.4 million cases, which is one of the highest in the world. The death toll in the United States now stands at about 267,000. The US is one of the highest hit regions in the world, mostly because of its high immigration rate. Perhaps it

wouldn’t have been so bad if international and interstate movements were closed earlier. At first, the US government was reluctant to put the country on total lockdown, which contributed significantly to why the virus quickly found its way across the country. The Trump administration was severely criticized for its handling of the pandemic resulting in the loss of lives. The approach adopted by the US government can be a possible reason why the country ended

up nen one of the hardest hit by the pandemic. The virus could have been curtailed earlier, but President Trump played down the severity of the virus. The president said “it’s going to disappear” but unfortunately, it kept spreading across the country rather than disappearing. Even at the point when it was killing a lot of Americans, the president still claimed “we have it so well under control.” Unfortunately, When the US government finally announced a lockdown, some Americans were against the policy and went on with their daily lives. This also contributed to why the virus went out of hand.

HOW IT HAS AFFECTED FRONTLINE WORKERS

Battling a deadly virus like the Coronavirus is tough for frontline workers. This sort of pandemic has not happened in decades; hence, it came as at an unexpected time putting healthcare workers on their toes. Frontline workers are vulnerable to distress. Studies have revealed that many frontline workers, especially medical and health workers and nurses, are battling depression, distress, insomnia, anxiety, anger, fear, and posttraumatic stress disorder. According to amnesty international, over 7,000 health workers worldwide have lost their lives to the virus. In the US alone, over 1,077 died after contracting the virus.

WHAT ARE THE EAST, WEST, AND CENTRAL STATE DOING ABOUT THE VIRUS?

Every part of the United States, including the East coast, West coast, and the Central states, are affected by the virus. However, to control the pandemic in this festive season, the governors of California, Washington, and Oregon have advised visitors in their states to be self-quarantined.

According to the governor of California — Gavin Newson, “California just surpassed a sobering threshold – one million COVID-19 cases – with no signs of the virus slowing down.” The governor added that “Increased cases are adding pressure on our hospital systems and threatening the lives of seniors, essential workers, and vulnerable Californians.”

Oregon now records over a thousand new cases per day. In his response to curtail the virus, Oregon governor — Kate Brown has announced to close gyms and limit restaurants only to serve takeaways. According to a video the governor shared on social media, she said, “If we do not act immediately, we will soon reach a breaking point.”

New York currently has about 653,000 cases with over 34,150 deaths. To curtail the virus on the east coasts, the east coast governors have come together to form a task force. They’re working together to get rid of the virus and put the economy back on its feet.

States in the Central United States is one of the regions suffering the most from the Coronavirus pandemic in the United States. For instance, out of the 13.6 million cases in the United States, Texas alone accounts for 1.26 million cases with over 21,968 deaths. The Texas governor — Greg Abbot, has come under heavy criticism for his approach to

The Oxford University/AstraZeneca vaccine is 62 – 90% effective and can be stored at normal fridge temperature.

Illinois is another Central state battling heavily with the virus. The state has tested about 10.5 million people, out of which 726,304 tested positive and 12,278 have died. However, according to the state of Illinois the virus yet. Thus, to ensure

official website, “Illinois has a low demand comes a fall in

seen an unprecedented number of unemployment claims during this challenging time, and the administration has moved swiftly to meet this increased demand and expand access to benefits.” It further explains how the Illinois government has been helping its citizens to survive the effects of the pandemic and put the economy back on track. It proceeded, “Since March at the start of the pandemic, the administration has paid out more than $16.5 billion in unemployment insurance benefits to nearly 3 million claimants.”

CONTROL MEASURES

Controlling this rampaging pandemic requires a reduction in physical interaction. Thus, the World Health Organization the virus can be managed from spreading and causing further chaos. Among their guidelines is that people should stay at least six feet away from others. This is important because even a healthy-looking fellow may have contracted the virus and can spread it to any nearby person even without showing any symptoms of the proper implementation of these guidelines, governments around the world, including the US government, announced a lockdown. This entails that businesses are closed and social places locked down.

EFFECTS OF THE LOCKDOWN

With businesses locked down, roads closed, and movement restricted, the world’s economic activities were primarily affected. Many people in the United States and other parts of the world lost their jobs, and the US government was forced to provide relief packages to businesses and individuals. Several sections of the economy were affected, including the real estate industry. With a lack of funds in circulation, there was not enough money for investors to purchase properties. Thus, with (WHO) gave guidelines on how

property prices. Therefore prices of properties, just like many other commodities, were largely affected, and they sell at low prices.

THE SEARCH FOR VACCINE: US WITHDRAWAL FROM THE WHO

While the world is still in shock of the Covid-19, the US government, under the Trump administration, announced its withdrawal from the World Health Organization effective July 6 2021. In May this year, President Trump said “We

On the other hand, the Pfizer/BioNtech vaccine is 95% effective and can be stored at a very low temperature of -70C. The Moderna Vaccine can be stored at -20C for up to six months, and it is 95% effective.

will be terminating our relationship with the World Health Organization and directing those funds to other global public health charities.”

Over the years, America has always been one of the biggest donors to the WHO. With more resources comes more research for the WHO and America has been helping with that. Unfortunately, America withdrew its support. This came due to an accusation by the United States government, claiming that the WHO has failed in its response to the pandemic and on other health issues. It further accused the WHO of not demonstrating its independence from the Chinese Communist Party. President Trump said “China has total control over the World Health Organization,” and that the organization has come under pressure by China to “mislead the world.”

Following this announcement, the US government came under heavy criticism for taking such a decision in the middle of a global crisis where all hands are expected to be on deck. However, the US government stuck to its decision and announced it would look for a better partner it can trust.

Nevertheless, there seems to be hope that the US will continue to work with the WHO. The United States president-elect — Joe Biden, had announced it would reverse Trump’s decision before the withdrawal process was complete. The US will continue to maintain its good relationships with the World Health Organization. Mr. Biden was quoted on his official Twitter account saying “On my first day as President, I will rejoin the WHO and restore our leadership on the world stage.”

WHEN SHOULD WE EXPECT A VACCINE?

According to the Center for Disease Control and Prevention (CDC), “in the United States, there is not yet an authorized or approved vaccine to prevent coronavirus disease 2019 (COVID-19).”

However, the best way out of this pandemic is having a vaccine plus an effective treatment. With a vaccine, the body’s immune system can be empowered to combat any trace of the virus in the system. Therefore, there will be no new cases any longer. The question now is, how close are we to the vaccine?

There has been a significant breakthrough in developing the Coronavirus vaccine; hence, we can expect them anytime soon. Among the top researchers that have recorded breakthroughs in developing the vaccine are Oxford University/AstraZeneca, Pfizer/BioNtech, and Moderna. The Oxford University/AstraZeneca vaccine is 62 – 90% effective and can be stored at normal fridge temperature. On the other hand, the Pfizer/BioNtech vaccine is 95% effective and can be stored at a very low temperature of -70C. The Moderna Vaccine can be stored at -20C for up to six months, and it is 95% effective.

These vaccines are still in their preliminary phase and not yet peer-reviewed. However, the fact that they’ve proven to be effective gives us new hope. More so, the Center for Disease Control and Prevention (CDC) has said that “supplies will increase over time, and all adults should be able to get vaccinated later in 2021.” On the part of children, CDC proceeded by saying “a COVID-19 vaccine may not be available for young children until more studies are completed.”

CONCLUSION

As the world is getting prepared for the festive period, we must know that Coronavirus is still very 8n Town and active and no cure for it. Many people are getting infected every day, and a lot of them die every day. Hence, for a safer world free of pandemics, we all should adhere to the laid down regulations while in the festive mood.

References

https://www.bbc.com/news/amp/health-51665497 https://abcnews.go.com/amp/Health/timeline-coronavirus-started/ story?id=69435165 https://www.express.co.uk/news/world/1270061/US-lockdown-When-didthe-US-go-into-lockdown/amp https://news.google.com/covid19/map?hl=en-NG&mid=%2Fm%2F09c7w0 &gl=NG&ceid=NG%3Aen https://coronavirus.illinois.gov/s/ https://www.cdc.gov/coronavirus/2019-ncov/vaccines/faq.html

IRVINE REAL ESTATE MARKET LOOKING BEYOND 2020

Cornelius Jackson

Irvine City is the 107th largest city in the US, located in the State of California. The 2020 Irvine housing market has been bubbling with housing activities. Looking back, housing prices in Irvine been rising over the past 12 months. And according to Walletinvestor.com, home prices are expected to continue rising past 2020 in Irvine.

According to Walletinvestor.com, the median price of an average home in Irvine was $907, 479, while the median listing price per square foot was $504 as of November 23, 2020. Walletinvestor.com forecasts that a long-term increase is expected, Source: Walletinvestor.com where the predicted price of an average home in Irvine will be $1,025,044 by November 23, 2021. If you’re wondering whether it’s a good decision to invest in Irvine real estate market, Walletinvestor. com predicts that a 5-year investment will yield a profit of about +12.96%. This means that if you invest $100,000 today, you are likely to get a profit of $119,960 by 2025.

On a short-term basis, Walletinvestor.com has the following predictions on housing prices in the Irvine housing market based on the five previous

years:

On the other hand, below is the long-term forecast chart for the coming months and years up to 2026, based on all the available median listing prices recorded up to November 23, 2020;

PROPERTY INVESTMENT.

Latest data from Wallentinvestor.com shows that real estate prices in Irvine and its market environs have been in a “bullish cycle” in the last 36 months. Walletinvestor’s property investment analyst AI predicts a positive trend in the near future and buying a home in Irvine seems to be a beneficial investment. All the predictions above imply a positive outlook for the Irvine real estate market, which makes it a must-have in your future property investment portfolio. Additionally, remember that this is also the best time to buy a home due to the historically low for a while. Make sure you take advantage of this once-in-a-lifetime chance. Source: Walletinvestor.com

low mortgage rates, which are expected to remain Source: Walletinvestor.com

Work cited.

https://walletinvestor.com/real-estate-forecast/ca/orange/ irvine-housing-market.

Jenny Gonzalez

HOW TO TOUR A HOUSE TODAY: TIPS TO MAKE THE MOST OF VIRTUAL OR IN-PERSON SHOWINGS

Touring a home is the same as going on a first date. It gives you the chance to assess houses and see whether it’s the one, the way a first date gives you a chance to sense whether he/she is the one. Touring a house gives you a chance to picture yourself baking in the kitchen, or opening a beer on that back deck, or watching TV on the couch. A home that is your dream home will get you to envision your life in it. However, in the current market, with so many houses to see and very little time before they are off the market, the idea of landing your dream home from loaded houses inventory can be overwhelming. When you mention the presence of the COVID-19 pandemic, it becomes even harder to find your dream home. But you don’t need to worry; several tips can help you save time and reduce your exposure to the coronavirus while you hunt for your dream house in the modern-day.

SCHEDULING A HOME TOUR

Most home buyers start searching for their dream home online. But what happens next when you spot your dream home? In the old days, one would have to go through the complex process of contacting the real estate agent who would then contact the home’s listing agent. In other words, the process was time-consuming and tedious.

But in the current times, the process is very straightforward. Once you spot your dream house, you only need to click on the CTA button that will show you all you need to know about the product. Moreover, some listings allow you to schedule a tour on your preferred time and date. The process of scheduling a house tour only takes a few seconds, and you’ll have your tour scheduled.

VIRTUAL TOUR OR IN-PERSON TOUR?

In the modern days, you can schedule to attend your tour virtually. Cool, right. You’re only required to schedule a tour, as usual, choose the virtual option, and the real estate agent will take around the house through live video stream on Google Hangouts, Zoom, FaceTime, or other apps.

However, you may be stuck whether to have a virtual house tour or visit the house in-person. According to Realtor.com, virtual tours are faster, easier and the safest. Some may argue that buying a home “sight unseen” is a risky business, but virtual tours are good options to narrow down your options and use less time moving around in search of a house.

WHAT SHOULD YOU LOOK FOR IN A HOUSE WHEN TOURING?

When doing a house tour, whether virtually or inperson, looking from room to room is not enough. According to Realtor.com, there are a few features you should pay attention to in a house. They include;

The HVAC and hot water systems- the age and quality of these systems affect their efficiency. Therefore, they should be on your watch list when touring a house. The exterior- don’t check the inside of the house alone. Also, check out the garage, front and back yards, swimming pools, gardening sheds, and any other structures on the compound. The neighbourhood- always remember that you’re not just buying a home, but its environs also. Remember to check out the neighbouring homes to get a sense of what your life there would be like.

QUESTIONS TO ASK WHEN TOURING A HOUSE

When touring a house, you may want to dive deeper by asking your real estate some questions about the house. According to realtor.com, here are some topics to hit at;

The age of the house, the various systems such as the water heating system and its structural elements such as the roof. Ask about the average cost of utilities over the past 12 months. If any remodeling or renovation works have been done on the house. If so, ask if the proper permits were acquired and if you can see them. If there are any previous insurance claims that would affect insurability and if there are any special insurance policies required for the home. Ask about the home’s listing history, including any price reductions or contracts that failed. If there are any homeowners’ association fees, how to bill the fee and what it covers.

Leave no stones unturned when touring a home. The process is for you to determine whether you can live there or not. Also, don’t let the process of searching for a house wear you out, you can choose to simplify the process through virtual means.

Work cited.

https://www.realtor.com/advice/buy/how-to-tour-a-houseschedule-a-home-showing/.

NOBODY EVER TALKS ABOUT INSURANCE! SO WHAT IS THE BEST HOME INSURANCE COMPANY FOR YOU?

Danon Burnside

Buying a home is usually a huge investment that makes it crucial to have it insured. However, before you pick a policy, there are a few things to consider. You need to find an insurer with excellent financial strength, excellent customer service, affordable rates, and favourable policy options. To find the right insurer in a market where home insurance providers have the same basic coverage is not a simple task. However, in the same market, you will find insurers that provide more comprehensive coverage and additional protection at a better value than others if you search well. Also, some companies are better in some insurance aspects than others. Below is a list of well-picked companies and their strong points that topped home insurers in 2020, according to Policygenius.com.

1. AMICA: BEST CUSTOMER SATISFACTION.

In 2019 Amica won the top spot in J.D. Power’s Home Insurance Study for the 18th year consecutively. The company scored a perfect five out of five in four primary categories, including coverage options, clarity and accuracy of the billing process, customer interactions, and the claims experience.

Amica is known for its prowess in handling claims which have earned it excellent customer satisfaction ratings. The company also features outstanding perks, that includes a dividend program and network of contractors. Another outstanding feature at Amica is that personal belongings are insured at their replacement cost.

2. SAFECO: BEST FOR REPLACEMENT COST COVERAGE.

Safeco offers guaranteed replacement cost coverage in most states across the country. This means that if under any circumstance you lose your home, you’re entitled to be reimbursed the full rebuild amount regardless of price fluctuations in times of disaster.

Guaranteed replacement cost coverage is crucial, especially if your home is in disaster-prone areas where labour and construction material costs shoot up when a disaster strikes. Safeco features straightforward claim process, robust coverage options and a wide range of insurance products you can choose from.

ALLSTATE: BEST FOR POLICY DISCOUNTS.

Allstate features eight discounts for different instances for its customers. When you bundle you home and auto policies with Allstate, you stand a chance to save up to 25%, and 20% if you haven’t filed a claim lately. Allstate also features excellent customer ratings and a user-friendly website and other digital tools.

STATE FARM: BEST FOR FIRST-TIME HOMEBUYERS.

For a first-time homebuyer who has never encountered an insurance company before, State Farm is the best option, according to Policygenius. com. State Farm’s website features industry-best educational resources, a straightforward quoting process, and a mobile app that allows you to view your policy, pay your bill, and file claims. State Farm also has excellent financial ratings, according to Policygenius.com.

USAA: BEST FOR THE US MILITARY AND THEIR FAMILIES.

USAA insures only the current and former military members and their families. The company has been continuously rated at the top in its category by A.M. Best with an A++ financial strength rating. Moreover, USAA has been noted by J.D. as providing “claims satisfaction and shopping satisfaction.” USSA also features a variety of discounts to its customers. Additionally, the company covers you in an event where your uniform is damaged or stolen and reimburses you without paying a deductible if were on active duty or deployed.

The next time you’re looking for a home insurance company, take your time to go through all the insurers that best cover your needs and choose wisely.

Work cited.

https://www.policygenius.com/homeowners-insurance/besthomeowners-insurance-companies/.

UPCOMING EVENTS

THE POWER IS NOW EVENTS:

HOMEBUYER TOWN HALL - 1ST AND 3RD TUESDAY OF THE MONTH 7:00 PM

REAL ESTATE ROUND TABLE - 1ST AND 3RD FRIDAY OF THE MONTH 10:30 AM

NATIONAL EVENTS:

NAREB

NAREB MORTGAGE SERVICES CONFERENCE January 21, 2021

NAHREP

FREDDIE MAC – HOUSING AND FINANCE ECONOMIC UPDATE (VIRTUAL EVENT) December 9, 2020 NAHREP NATIONAL CONVENTION & HOUSING POLICY SUMMIT March 8-10, 2021

AREAA

AREAA LEADERSHIP SUMMIT 2021 January 13-14, 2020

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