Real Estate markets fluctuate daily but one industry trend has persisted for years- the most common expression is ‘lack of inventory’. It has been the motivation behind most of our ongoing problems with the real estate market. Home prices soared because of low inventory and current home buyers are in limbo for the same reason…. Read More
With COVID-19 unease lingering, the Real Estate market is looking cautiously optimistic, ‘cautiously’ being the operative word here. It would appear that the market is slowly, very slowly, leveling off in certain price ranges, but remains frantic in others. There still appears to be quite a bit of Seller hesitation, and many Buyers continue to… Read More
Who are the Home Buyers? A large percentage are Millennials. What’s motivating the current Millennial home-buying frenzy? First and foremost, interest rates! Rates have remained at historical lows, partly in an effort to maintain the strength of the housing market, but that’s not the only force driving home buyers. As the RIS media post below… Read More
I’ve never seen anything like it… incredibly low, almost ridiculously low mortgage interest rates, in the high 2’s !! If you’ve been putting off that home purchase, now is probably the time to get off the fence. I could be mistaken, but I can’t imagine you’re going to find better (read LOWER) mortgage interest rates… Read More
Coast to coast, luxury home sales look to be bouncing back faster and stronger than any other segment of the market. According to Mansion Global, median luxury home prices are up nationwide with 35 of the 49 major metro areas reporting significant gains. The high-end market in the Phoenix Valley Metro region of central Arizona,… Read More
Homes Are Selling Faster and Prices Are Rising. This isn’t what anyone might have predicted for the Real Estate market during a pandemic. A lingering nationwide lack of inventory, worsened by Covid 19, is clearly responsible behind the scenes. But even though demand experienced the anticipated drop-off at the onset of the quarantine, it proved… Read More
In spite of businesses reopening and a cautious return to travel, the Covid19 situation is far from over. Its affect on the Real Estate market continues, and I believe we may be well into 2021 before we are fully aware of the influence this disturbance has had. We’re now seeing a slight uptick in activity… Read More
At this moment, the Real Estate market is experiencing a reluctance on the part of both home sellers and buyers. The ‘unavoidable’ activity is still taking place, folks for whom moving is a necessity. But where the sale or purchase of a home is nonessential, motion in the Real Estate market has come to a… Read More
If market conditions are a bit challenging for home buyers right now, the FED’s recent decision to drop interest rates and the resulting decrease in mortgage rates, provide a satisfying counterbalance. The home buying market has been tight and overly competitive for quite some time due in large part to lower-than-normal inventory. Home buyers in… Read More
According to The Title Report, foreclosure filings in 2019 reached their lowest level since tracking began in 2005, with the highest potential for distressed properties cropping up in the major metro areas of Baton Rouge LA., Atlanta GA, Salt Lake City UT, Orlando FL and Portland, OR. The states of Nevada, New York, New Jersey,… Read More
