In spite of record pricing, our NSDCC new-listing count this month is going to come in under last November's count. Remember when greed was good? Apparently, staying put is better! http://www.realtor.com/news/trends/20-hottest-markets-real-estate-u-s-november-2016/...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ It's that time of the year - the 2017 forecasts are starting to roll out! Zillow has been conservative about our local markets. For the most part, the actual appreciation of the Zillow Home Value Index has been...
http://realtormag.realtor.org/daily-news/2016/10/03/predictions-roll-in-2017-housing-forecasts#sf37742278 We can expect a hot year for home sales in 2017, according to recent forecasts from the National Association of REALTORS®, the Mortgage Bankers’ Association,...
What now? Summer is over, and the so-called spring selling season is six months away. Is it worth waiting? Sellers want to believe that springtime is when all the young families with 2.2 kids will be looking to pay retail-plus. But that belief ignores the trend -...
We had 67 new pendings this week, about what we've seen all summer. September should be a big month - there are 399 pendings today! I'll go out on a limb and predict that we'll surpass the 210 sales from last September. Click on the 'Read More' link below for the...
As money and affluence continue to invade the coasts, those not so fortunate will be making choices. Warning to all who are thinking about leaving California - it is virtually impossible to move back. But you can always visit!...
Zillow is the latest to suggest that the 'market' might be slowing. But looking at their own graph, it looks like the monthly percent change begins to decline every year at the end of summer. The second graph also shows that sales are at a new peak - if it fell off a...
The rest of the year is shaping up quite nicely - if all that matters are stats. After a slow start in 1Q16, we closed 909 sales in the second quarter! After a strong 2015, there was some expectation for a pullback this year, but not yet - we exceeded the 2Q15 total...
The folks at CE are talking about the housing market in the UK, but the principles are similar - if there were more homes selling, it could provide more pricing momentum. Just keep an eye on sales - demand would have to subside for prices to alter their current...
We are happy to cover all sides of the bubble beat. This is the second release this month from our perma-bear, Mark Hanson. He has been saying the same thing for 3-4 years, and it's all based on theory and previous history. Around here, our market is almost...
