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The New Listings graph (above) shows how the raw number of homes listed for sale in the coronavirus era compares to the same time frame in 2019. It shows that 40-50 days after the initial shock, sellers started feeling more comfortable putting their home on the...
We love the 'burbs! One explanation as to why our pricing has been stout: If millennials once piled into the cities, fueling downtown renewal and growth, apparently they are now piling out. The stay-at-home orders brought on by coronavirus have more potential...
The coronavirus caused banks to pull back on lending, and one niche that was severely impacted was jumbo loans with less than 20% down payment. In early March, you could have borrowed $2,500,000 with 10% down, and by the end of March the max was down to $850,000. We...
From First American: In April, pandemic-related pressure drove the supply of homes for sale to its lowest April supply level ever. Even in the years prior to the pandemic, the lack of housing supply for sale was a significant headwind to the housing market. A major...
Thanks Mike! He has other towns here: https://www.mikedp.com/articles/2020/4/27/the-real-estate-market-tracker
We're on the move:
New listings, new pendings, and more showings are happening everywhere. Regardless of what you think about it, there are people who are proceeding with their plans to buy and sell homes. The industry is cautious, and you see it in the showing instructions. I haven't...
The leaders of Kayla's real estate team will be speaking with America's most famous appraiser today at 3pm. There will be a NYC-focus, but I've heard all three of these speakers before and it will be worth a listen: Join us and guest speaker, Jonathan J. Miller,...
One key to any potential comeback is having more homes to sell. The weekly counts above are the net effect of new listings minus new pendings. When we have a good week of net new pendings (like we did this week with +13), it means a positive move by the new listings...
Excerpted from the latimes.com: Data released Thursday from real estate company Zillow show the number of deals entering escrow has fallen off a cliff since mid-March. But so too has the number of owners who are listing their house or condo for sale. Because the...
