If there was going to be a day when buyers might have had a chance to sneak in an offer to purchase without competition, it was today. Yeah, right. Meanwhile, after 'upgrading' the MLS for four days, here were the results:
The 2021 selling season should be the craziest market in the history of the world. My theory: The covid-19 pandemic has jumbled the usual timing of the elective movers, and we are experiencing a not-natural compression of reasons to move. We will have our Big Three...
We know that covid, and it's impact on schooling in particular, is causing some people to want more space around them. Bigger houses, with bigger yards, are becoming more desirable.....and buyers are scrambling to get situated and comfortable before school starts -...
We have a real frenzy when many of the signals are happening at the same time: Record-low mortgage rates. Rates are so low, it feels like free money now! Record-high sales. We'll never see this many July sales again. Homes sell quickly. Last month's average...
Because baby boomers tend to own in the best locations (they got there first), we should have an extended frenzy, and maybe an occasional glut of older and dated 2-story homes in some areas: Nearly a third (31%) of home sellers are “extremely anxious” about selling...
Mortgage rates hit an all-time low yesterday! Combine the improved purchasing power with the covid-delayed selling season and the lowest inventory in recent history, and we have full-blown frenzy conditions. Look at how July wound up: NSDCC July Sales & Pricing -...
Not mentioned was the list price was $7,000,000 (on April 2nd), and the listing agent represented the buyer too: Even in the throes of a pandemic, the offers started coming in almost immediately. The day after an off-market opportunity in Beverly Hills was made known...
I went to the grand opening today of these $2,000,000 tract homes and thought because of the rain that I might be the only one there. Wrong! There were hundreds of people - and this isn't Carmel Valley - not even close:
The bidding for the “Brady Bunch” house got down to a horse race, listing agent Ernie Carswell said, but it was HGTV that ultimately pulled away from the pack. So, just how much did the cable network spend to secure the television-famous property? About twice the...
