Lenders have been pulling back on their willingness to loan money around the fringes: Any loan that's not right down the middle of the conventional spectrum raises questions about how it will impact lenders as they navigate what is easily the largest and fastest surge...
My guess is that NSDCC sales will drop by at least 60% in 2Q20, and our price gauges fall 5% - sellers won't tolerate any more than that, and they will wait it out instead. “As has been the case since mid-2019, after a long period of decelerating price increases, the...
The seven-day moving average was +32% on March 8th, and now the average is -68.7%! This is during the peak showing season too! But at least the current trend looks like it is flattening out? Hopefully the change of realtors being declared essential workers will mean...
There is no reason to transfer your house to your kids - use a family trust instead. If you need dough, then get a reverse mortgage. Hat tip to just some guy! Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing...
Buyers, sellers, and agents are closing out sales, but the total number of pendings (above) is plunging because new escrows are running about 50% of normal. Last week we had 31 new pendings, and I thought we'd be lucky to have half that many this week. But we had the...
No no no not John. Anyone who ever thought about divorce should listen here:
We are listed under the Other Community or Government-Based Operations and Essential Functions: https://www.cisa.gov/sites/default/files/publications/CISA_Guidance_on_the_Essential_Critical_Infrastructure_Workforce_Version_2.0_Updated.pdf Hallelujah!
This has to be the most Zillow views we've had on a listing during the first day on the market. Between the two copies of the video tour (one is non-branded), there have been 159 views. The house has been shown four times in person. Housing is essential for some....
I've been convinced for years that we can sell homes by video, and the coronavirus will present that challenge to us now. If agents can be handy with their phone, a decent representation can be made that should be enough to get buyers to make offers - and we'll figure...
