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...
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...
