We kind of assumed they would have to keep rates low, but now it's official: The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy....
We hear the term, 'tight inventory'. What does it mean? Fewer homes for sale? Fewer of the lower-priced homes for sale? Homes selling faster? The best buys are flying off the market in the first day or two? NSDCC detached-home statistics for Jan 1st - Aug 15th: Year #...
My video on Monday touched on the different groups of buyers and sellers that should be very active in the 2021 selling season. Let's break it down further, shall we? SELLERS Boomer liquidations - When we first started talking about boomer liquidations, people in...
Our reader 'just some guy' sent in this article and quipped about these writers who insist on promoting a foreclosure scare due to the pandemic. But it is worth noting because it could become a self-fulfilling prophecy just due to the lack of a counter-argument being...
We are 24 hours into having our new listing on the market and it's already been shown six times and we have three offers - and all are over the list price! I heard a rate quote today of 2.55% with less than a point cost, which feels like free money. As long as buyers...
Adding a loft/bedroom over a tall ceiling isn't a big deal - it's nothing money won't fix! This was the day I got into Bloomberg Businessweek: https://www.bloomberg.com/news/articles/2013-04-04/the-hunter-s-dot-thompson-of-real-estate-chronicles-the-bust-and-boom...
This article describes the price swings per season for each town - San Diego is among the least-affected because our weather doesn't change much. https://www.nerdwallet.com/blog/best-month-buy-home/ The off-season may have somewhat-lower pricing, but that's also when...
This presentation covers both sides of the concerns about home values plunging because of the effects of the pandemic on the economy. Suze says don't buy a house until later this year because there could be foreclosures, and David points out that the CARES Act already...
One of the more-accurate forecasters is predicting that home prices will start dropping: Strong home purchase demand in the first quarter of 2020, coupled with tightening supply, has helped prop up home prices through the coronavirus (COVID-19) crisis. However, the...
