Sure, there have been 15% more listings this year than in 2023, but let's keep it in perspective. We're just catching up, aren't we? Through the pandemic, there was no surprise that people would be reluctant to have strangers in their house. Some of the potential...
Bill is one of the few bloggers still around who comments daily on housing and the economy. Read his full article at his free substack here: https://open.substack.com/pub/calculatedrisk/p/watch-months-of-supply-76b He makes an interesting comparison between June and...
The Fed came through yesterday and lowered their rate by 1/4%. It caused mortgage rates to come all the way back to....7%. This is probably as good as it will get for the next few months. The market feels fairly balanced currently, with some tilt towards a buyer's...
Most home sellers are reluctant to do much, if anything, to prepare their home for sale. The covid frenzy was very forgiving when buyers were desperate to buy anything at any price - which spoiled sellers (and agents) who were still able to sell homes for retail...
With all the talk about the presidential election being so close, some thought it could take weeks to determine the eventual winner - and only a powerful Trump victory could avert it. Standoff averted! No matter how you feel about it, another Trump presidency should...
The current market conditions are fascinating. There were 141 NSDCC listings that went pending in October, and 44 of them have already closed escrow! It leaves 133 listings in the pending category so the closed sales in November and December probably won't set any...
NSDCC Monthly Detached-Home Sales, 2024 Last October, there were 140 NSDCC sales with a median sales price of $2,182,500 ($810/sf). This month's final count should be 160+ sales and a median sales price that's +10% above last October! Statistically, the political...
What would a frenzy of inventory look like? There has only been a 15% year-over-year increase in the number of homes for sale in 2024, which isn't that noticeable, especially to the casual observer. Plus, the top-quality homes still get swept off the market quickly,...
I thought the run-up to the election would cause potential home sellers to wait it out. Wouldn't it make sense to NOT list your home in the month or two before the most contentous election in history? Certainly home sellers would have foresight and believe that buyers...
He's not just passing through - Mark Wahlberg is setting up shop in South O: View this post on Instagram A post shared by Mark Wahlberg (@markwahlberg)
