Let's compare the start of 2025 to previous years. The last obvious buyer's market was in 2009, and in the graph above you can see how the supply swamped the demand. This year, sales have been strong and the supply is still relatively muted. Cash sales are a major...
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So much for lower rates! https://www.mortgagenewsdaily.com/markets/mortgage-rates-04072025 We're not in a buyer's market is because sellers have to agree to it AND move down on price - if they don't, then the market is just loitering. Sellers have the right to hold...
Are we in a buyer's market? No, not yet. For a buyer's market to actually happen, it would take sellers to acknowledge it, and act accordingly. Acknowledging it means lowering their price until they get offers, and then cut a deal with one of them. We're a long ways...
In 1Q25, there were 410 sales - which was +8% YoY! There are 419 NSDCC active listings today. This probably reflects the normal optimism, but with prices this high, you have to think that there are going to be a lot of disappointed sellers: The $0 – $2,000,000 Market:...
The over-list sales in March were down YoY, but the sales and pricing are holding up. It's just more mellow? There were 46 sales that closed over their list price, and 76% of those were under $3,000,000. Statistically, the first quarter of 2025 looked a lot like it...
A guy commented on an old REO video that was one of my favorites of all-time. I remember it not only because an ice-cream truck was featured in the video (like so many of my REO videos back in the day) but also because a neighbor busted my chops for parking on the...
A tour of our new listing! The new wood flooring was installed this week! Only $1,299,000
Hat tip to Susie for sending this in! A real estate transaction fell apart just one hour before closing after a shocking discovery involving an alleged squatter at the property. The potential buyers, who had been under contract since March 1, chose to walk away from...
