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 #...
I'm not sure what 100.0 means exactly, but it has to be the best ever!
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...
The idea of people fleeing to the suburbs isn't what we thought - an excerpt: For the week ending on May 10 — which was around the height of the pandemic in New York City — the percentage of search traffic from the New York metro area to out of market areas rose 5.4...
With mortgage rates staying under 3% this past week, more people were out looking at homes - a whopping 66% more than last year! It should be a full-tilt boogie for the next few weeks. Hopefully buyers can get their hands on something suitable! My calendar from...
Early in the coronavirus era, there was a hesitancy among sellers to put their home on the market. Have we gotten past that point now? Total Number of NSDCC New Listings, Monthly Year April May June July 1-14 Median List Price, July 1-14 2018 469 523 476 205...
Click here for the city-by-city report: Monthly Survey of Real Estate Agents June 2020
Over the history of real estate, buyers have determined the market. They decide how much education and investigation they need to complete before making what is now the biggest decision of their life, and then they proceed when ready - or when they see an attractive...
