Of the places benefiting from the people fleeing California, Phoenix has to be #1 on the list. Their Case-Shiller Index had the biggest increase in the nation this week (+9.9%), and look at the average market time: PHOENIX — The greater Phoenix housing market has...
So what's your take on the strength of the housing market now and how the election could change it? BARBARA CORCORAN: I don't think the election is going to have much to do with the housing market. It's like a horse that's run out of the bar-- the barn at about 100...
In the graph above, the conditions were glutty through July, but now I think we can call it a full-blown panic in SF County. They only had 1,000 homes for sale in May, and their fourth-quarter history already looks very strange. You can bet that buyers are slamming on...
Ultra-low rates, record home equity, and societal needs/concerns make the perfect frenzy cocktail: The pandemic is driving a major boom in the housing market that's breaking all kinds of records and exposing a very uneven economic recovery between the haves and the...
The signs are everywhere - the super-frenzy is building. I spoke with a friend in Phoenix yesterday who said the cheaper homes for sale there are flying off the market in 1-2 days: While restrictions are driving people out California, newfound freedom is allowing...
We've had frenzy conditions previously. Can previous experience indicate what might be brewing for 2021? The last time we had full-blown frenzy conditions was in 2013 - let's use the October 1 to September 30 timeframe so we can get a good experience of this year. ...
The 2021 market is shaping up to be a humdinger! Will ultra-low rates and more inventory cause it to be the Frenzy of All-Time? Or will a surge of home sellers - namely the baby-boomers - bring about a flood of homes for sale that swamp the market? Frenzy, or Glut?...
The pandemic is still raging, the President of the United States is in the hospital, the election is right around the corner, and so are the holidays. The frenzy has to slow down at some point, doesn't it? So I schedule for 11am, and show up to find today's list of...
Hard to explain how we can lose when offering $150,000 over list, and looking for an answer didn't help:
I wonder if the rest of America looks at the homes in the bottom half of this photo above and correctly guesses that they are selling in the mid-millions.....Excerpts from article linked at bottom (hat tip Ray!): Would-be home sellers have numerous reasons for staying...
