As I've mentioned, the market is HOT, HOT, HOT...for sellers. For buyers, it's terrible, to be honest. We are indeed in the midst of a housing shortage. Here are the July stats: New listings were up +45% for the month of July versus last July, however month's supply of inventory was down -21.2% and homes... Continue Reading →
Are We Heading for a Housing Crash?
Much speculation has been made on the direction in which the real estate market is heading, and whether or not this is a good time to buy given current market uncertainties. “Are we heading for a recession?” is a commonly asked question among skiddish buyers. Here’s the thing, we already are in a recession. The... Continue Reading →
What is a CMA and Why Do I Need One?
Quite simply, CMA is an acronym for Comparative Market Analysis. It’s a consideration of comparable property sale values. CMAs are important, and every home buyer and seller should know about them. Why? In short, to save you money. The CMA is the single most important tool available in pricing a home. I have written extensively... Continue Reading →
Home Shopping in the Age of COVID
Recent studies have shown that buyer sentiment is relatively low, and yet searches on google related to the home buying process are soaring. What is going on? As of end of July, we saw bidding wars abound and a plethora of price INCREASES, the likes of which I'd never seen in my entire career. Inventory... Continue Reading →