A couple of years ago, one of the employees at RealtyTrac told me that they get their data from multiple sources, and they don’t have time to cross-reference or screen out any duplicates. Hat tip to Rob for sending this along – we’ve been hearing about how the NAR has been over-stating sales, here’s a guy who is comparing RealtyTrac’s numbers to the loacl county’s data. The result? It looks like RealtyTrac is reporting 3x the actual foreclosures last year in his county:
Klinge Realty Group
Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024
- (858) 997-3801 call or text
CA DRE #01527365, CA DRE #00873197
Three months ago newly listed condos for sale would be lucky to get 2-3 showings their first week.
Today we got ten showing requests within 3 Hours of a unit going on the market.
It's unbelievable how quickly the market can change
House price appreciation is resistant to rising mortgage rates primarily because home sellers would rather withdraw from the market than sell at lower prices – a phenomenon we refer to as “downside sticky.”
Is the housing market resilient to rising rates? Context matters and each rising-rate era is different. Even if rising rates persist in 2021, the context is good for the housing market. https://blog.firstam.com/economics/why-the-housing-market-can-thrive-if-a-new-rising-rate-era-begins