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...
Tips for buyers and sellers for successfully navigating a buyers’ market.
Everything seems like "If" these days, but if we had a market comeback, the dates of a modified and compressed selling season would be fairly predictable, looking at it logically. The actual results will be a matter of compression and intensity. If there isn't much of...
Our new listing fell out of escrow, which deserves an explanation these days - and more support! Two showings set up for this afternoon - Happy Easter!
Prices dropping in the 'low single digits' doesn't sound like a frozen or desperate market. Their first story is about a guy who is looking at homes in Florida priced at $15 million? That's relevant to the national housing market?...
We noted last week how the jumbo mortgage market is back-pedaling in two ways. Banks stopped funding jumbo loans with 10% down payments, and the program that qualified the self-employed borrowers by using their last 24 monthly bank statements was also terminated. The...
Our reader elbarcosr agreed that it's easy to get page views with everyone sitting at home on the computer anyway these days. Here are today's counts of our Winstanley listing: Zillow: 1,755 YouTube: 1,326 Facebook ad: 1,451 The Facebook ad was responsible for 840 of...
There is no reason to transfer your house to your kids - use a family trust instead. If you need dough, then get a reverse mortgage. Hat tip to just some guy! Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing...
As expected, the COVID-19 news continues to worsen. But escrows in process should have a good chance of closing, as long as buyers are satisfied, and the sales count should be fine for a week or two. Then what? Mike DelPrete offered the following data: The following...
Who is selling? I haven't checked in a while! This chart tracks when the home was purchased by the sellers. Today's numbers are from those sold between Jan 22 and Feb 14 of this year: Year Purchased 6/18/16 12/13/16 4/3/17 6/30/17 12/4/17 2/16/20 0 – 2003 39% 57% 48%...
