The total number of sales for April (the last complete month available), was 3,920, up (7% from April 2020. (All numbers are for April year over year). That was to be expected as April 2020 was ground zero for the...
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It isn’t always who has the highest offer, there are many other factors; your down payment position, contingency positions, loan approval, repair considerations, escrow length, contingent offers on another home being sold, rent back flexibility. So how to navigate… Your...
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That is a valid and reasonable question; at the beginning of the year, Jonathan Lasner reported we were a weak 1 on a scale of 1-5 (5 being highest), of a real estate bubble. Now, according to the Fitch report,...
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Good question… it doesn’t technically hurt you to refi again and again, if you are going to stay in a property long enough to get your investment back on the cost of your refinance and substantially lower your payment, usually...
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Many people thought the market would plunge into a recessionary state with wild price drops. Why didn’t this happen? Largely because most of the people struggling with housing insecurity, are renting. This is causing a massive stabilization of rents and...
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The total number of sales was 1,635, which was down 50%! (All numbers are comparing May, the last full month available, 2020 and 2019). Single-family resales came in at 1,043, also off 50%. Condos had 427 closed sales down 54%,...
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Inman reports “Summer Outlook: Real Estate Heads Into Buying Season On Firm Footing” The US housing market, after understandably sputtering this spring due to COVID-19, is showing resiliency as the market picks up substantial steam all over the country. Realtor.com reported...
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Wow, what a difference a month makes. The Coronavirus did more than spook financial markets as stocks tumbled nearly 4% overall in 3 short days, losing some 6 trillion in value. Ironically, this bodes well for interest rates, which were...
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The total number of homes sold for January, the last complete month available, is 2,136 which is a 20% increase over the volume of 2019. Last winter the spring selling season started with a pretty blank slate until mid-March last...
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It is hard to believe that housing prices will rise yet again in 2020, but that is exactly the prediction of Chapman’s Jim Doti and many other local economists. The culprit, if you wish to call it that, is once...
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The total number of sales for June, the last complete month available, was 4,146, up 67% from June of 2020, as all following numbers will be. The median price of
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