Pete has been trying to disrupt the real-estate-selling business for years, but here it seems like he is giving up on replacing realtors and is acknowledging the American tradition: This type of “classic” residential home ownership is likely not dying. 65% of families...
The NSDCC September sales are right at 100 with a week to go (last year's count was 283), so this month's final count should get up to about half of last year's. Those hoping for a crushing decline in coastal pricing have to be disappointed so far: By this time...
Thanks to JBREC for the chart, and article! https://www.realestateconsulting.com/speedy-escape-from-housing-market-slump-unlikely/ An excerpt: In the mid-1990s when 30-year fixed mortgage rates climbed over 9%, ARM usage jumped to 35% of all mortgages. In 1999-2000 as...
This blog started on September 24, 2005. It was a Saturday morning, and literally I thought I better get into this blogging thing before every other realtor started doing it. This was my first blog post that talked about 20% to 25% appreciation per year:...
In an effort to help readers find a replacement home, here are new homes near Tucson for sale! This development is out in the sticks but at least it's on the north side and on the way to Phoenix. They have several homes available, and they start as low as $307,900:...
Here we go again with the click bait on the front page of the local birdcage liner. They also used a photo of the most prime real estate in the county, insinuating that a slump is underway there? Link here for the full article, and this is an excerpt: San Diego...
No surprise that our new listing found a buyer already. The one-story homes with all the extras are probably the most attractive buys in the marketplace, and anyone can sell these - it's just a matter of who can get what price. I had 200+ people attend the open houses...
The Fed raises their rate by 0.75%, and what happens? That's right, the conforming 30-year fixed rate went down this afternoon. Chairman Powell said again that intends to cause a reset in the real estate market, but our rates really shouldn't go up much the rest of...
The over-bidding is winding down to more manageable levels as just 24% of August buyers were willing to pay over the list price. As usual, the $1,000,000 to $2,000,000 range was the most active, where inventory is low and the number of quality homes for sale even...
The reason for breaking down the active and pending listings by zip code is to give the readers a closer look at their neighborhood stats. We’ve considered a 2:1 ratio of actives-to-pendings to be a healthy market. While other areas in America are reporting a surge of...
