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NAR PULSE—The best way for your agents to stay safe is to be ready for anything. Tell your agents about the SentriKey® Real Estate app with its unique Agent Safety Feature that provides an automatic way to alert select contacts in case of an unexpected or potentially dangerous situation.

In July, home prices increased 4.8 percent YoY, up from 4.3 percent in the previous month, according to the most recent S&P CoreLogic/Case-Shiller Indices. Year-over-year, the 10-City Composite increased 3.3 percent, up from 2.8 percent in the previous month. The 20-City Composite increased 3.9 percent YoY, up from the previous month’s 3.5 percent gain.

The following cities experienced the highest YoY gains: Phoenix (9.0 percent), Seattle (7.0 percent) and Charlotte (6.0 percent)

The biggest problem for home sales today remains a lack of inventory. So, how do we keep the bounce-back from COVID-19 going into Q4? We need more listings!

To create more listings, we need to get homeowners off the sidelines. The problem is that homeowners are nervous to make a move for the same reason everyone else is: a lack of inventory. It’s a catch-22, but there’s a new, innovative bridge solution for brokerages available through zavvie that’s designed to help agents get sellers moving.

The coronavirus pandemic has caused buyers to flood the markets. Mortgage interest rates are at historic lows, driving increased activity and a shortage of inventory nationwide. But what about mortgage refinancing to take advantage of low rates? According to a new report from Zillow, homeowners who haven’t refinanced “could be tossing thousands of dollars out the window.”