Wondering why you can drive for blocks and not see a for-sale sign? 1 out of 172! http://nypost.com/2017/09/02/are-we-headed-for-another-housing-collapse/ An excerpt: NAR’s Fears points to a number of trends: First, homeowners are staying in place longer, limiting the...
September should be a productive month, as the motivated sellers and buyers make a late push to get something done before the holidays: Week New Listings New Pendings Jul 24 86 61 Jul 31 90 75 Aug 7 99 71 Aug 14 76 65 Aug 21 83 62 Aug 28 96 60 Sept 4 74 71 With 74 new...
A key point here is that the local neighborhood experts gave them no chance of selling for the price they wanted, even after making improvements. It sold for full price, on the first day: Many thanks to our clients for doing this!
On the Facebook bubbleinfo, in response to the idea that the bubble won't be bursting, Matt asked 'what constitutes the big stagnation when it happens'. My response: The Big Stagnation? You'll know it when you see it. We used to consider 6 months' of inventory...
On Your Last Transaction...... The percentage of properties selling below asking price remained flat from last year at 36%. The percentage of properties selling above asking price increased from 34% last year to 35%. The percentage of properties selling at asking...
I was asked yesterday about the chances of the bubble bursting. My answer was, "No chance". But these things run in cycles, and eventually won't the market will cool off? Yes.....some day.....and when it happens, our market will stagnate, rather than see prices...
The pricing triangle above demonstrates the importance of an attractive list price. These percentages are probably cut in half during the off-season, but there are still buyers - I've run into two bidding wars this week!...
There are many ways to sell your house, and the best salesmen almost always prevail. Greed isn't what it used to be!
What Do I Do With That Bonus Room?! Most homes have some sort of bonus room whether it be a basement, attic, extra space in the master suite, or maybe even that bedroom that's a tad too small to fit a queen bed. The majority of people think about ripping a wall down...
