We had 138 new listings this week - the highest weekly total in four years! The month of May tends to be the biggest month of the year for new listings, so buyers can expect plenty of new choices in the coming weeks. Pricing of the active listings has been fairly...
Month: May 2018
Casey
Hat tip to Rob Dawg for sending in the latest sighting of the guy who was the face of the mortgage crisis. Here are two links that outline his story: [button...
California Migration
Lower-income folks are leaving, and affluent people are coming - H/T Richard: Over a million more people moved out of California from 2006 to 2016 than moved in, according to a new report, due mainly to the high cost of housing that hits lower-income people the...
My Grandparents
Did you see the police officer in Sarasota who retired this week? Link to story and...
Shopping Offers Around
It's been an old wives tale that listing agents can't disclose to a buyer's agent the price and terms of competing offers. I found this at the N.A.R. website: Real estate brokers may, unless prohibited by law or regulation, “shop” offers. Therefore, REALTORS®...
NSDCC Inventory, Jan – Apr
We keep hearing how tight the inventory has been, but it is relative to price. The Above-$1M market has had a fairly consistent supply - it's the lower-end inventory count that has been dropping steadily: NSDCC New Listings Between Jan 1 - April 30th Year # Listings...
Flipper Opp
A feel for what Tom's world is like:
Trendy Tuesday – Eco-Friendly Homes
Hello to all our eco-friendly homeowners! Now, I am NO expert. But I have read many articles and have come to the conclusion that this is where our world is heading. People have created eco-friendly cars, the next thing are homes! Check out below to see some of my...
HPI Percentage Change From Peak
More news today on the surge in home pricing, with Diana happy to point out that half of the nation's 50 largest markets are now considered overvalued, meaning home prices are at least 10 percent higher than the long-term, sustainable level. “The dream of...
Buy a House With An X?
This is why electronic signatures are binding. Thanks daytrip! Does it matter what you sign on contracts? Could you draw a picture or put an X and have it still be legally binding? With so many facets of modern life being automated, signatures being easy to forge, and...