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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Welcome to our first newsletter of 2021. Wow, what amazing finish to one of our most difficult years ever, in terms of worry and hardship; but those who had the nerves to pursue housing were rewarded on both the seller...
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Unbelievable numbers! Total number of sales for December, the last complete month numbers available, was 3,611, which is an increase of 17.7% over December 2019. (All numbers reflect year over year for the same month.). Single-family resale reported 2,254, up...
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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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The market has now proven resiliency regarding the COVID pandemic. There were questions last month after the negative numbers across all sales markers for June. But July (the last complete month available), came roaring back and so did the scarcity...
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This is a complex question with several different answers. Firstly — short and to the point is, if you look purely at interest rates and the added purchasing power as a result, then the answer is yes. If you are...
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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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Southern California focused Housing Reports by Steven Thomas argues against any drastic housing implosion in 2023. This view is consistent with most housing economists. It is based on the high
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