There was additional distribution of my moving survey after the previous report last week. Of the 2,872 visitors who have looked at the survey, 130 (or about 5%), at least answered a question, which is typical. Here are the final results: Q1. I liked that 28% of the...
Bad neighbors aren't just annoying. They can cost you real money when it's time to sell your home. A nearby property's overgrown yard, peeling paint and clutter can easily knock 5% to 10% off the sale price of your home, said Joe Magdziarz, the president of the...
While the 2020 is winding down and we look forward to next year, I'll occasionally repost the unique factors that will have impact on the 2021 selling season. Let me know of any others: Ultra-Low Mortgage Rates - Rates around 3% are expected to continue through 2021,...
Let's get some intel on how people feel about moving next year! Take this survey, and when completed, you can share it on social media. I'll publish the results on Tuesday:
Another story demonstrating how free enterprise is being squeezed: California is taking steps to avoid a repeat of the conversion of thousands of single-family homes from ownership to rental properties as occurred during the Great Recession. In late September, the...
This chart shows the generational changes among non-homeowners about their interest in owning a home. Being interested doesn't mean they are buying, necessarily, but it's a step in the right direction - especially for the millennials, who picked up the largest net...
They say that everyone is fleeing the urban markets for the country, and this is a good example of how much further your money will go. It is fairly close to town too - you wouldn't really need to change doctors, etc. and for those who need a top-notch granny flat,...
Even though the market is blazing, many soon-to-be home sellers are going to wait until the Spring Selling Season of 2021....and take their time getting their house ready. Because it will be hard to tell if it will be a frenzy or a glut until April or May, it won't...
Today's coronavirus news adds a new dimension to our real estate market, doesn't it? Or does it? We can probably count on one thing to happen. This will be the last straw for those home sellers who have been languishing on the open market for more than 30 days. They...
After another weekend of multiple-offer situations where the listing agents made no attempt whatsoever to create a bidding war, and instead just shut down the showings, it's hard to believe there is any downturn coming our way. When you can get a mortgage rate in the...
