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 →
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 →
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 →
It's a new year, and a new market! That's right, folks, the Spring market is just ahead and it's time to take stock of some of the most common pitfalls that trap sellers that can cost them lots of time and money. Not checking building records prior to going live on the market tops my list of main offenders, because it is by far and way the most common, headache-inducing blunder home sellers make.
Word has spread recently that the housing market is suffering a decline, or at best a shift from the strong seller's market we have recently witnessed. Dozens of media publications have reported on the recent sales decline since last year. And why is that? Well, there are a number of factors. However, there is one type of property that appears to be finding strength amidst the softening market...