One of the top rated "Google Searches" for 2021 is "Are we in a housing bubble?".  It's not surprising that for those of us who were in the housing crash a decade ago, there would be concerns about a repeat.  The overall consensus is that NO we are not in a housing bubble and NO there will not be a crash.   WHY?  The main difference is that back in 2005-2006 we were actually Continue Reading

We are now heading into the second half of 2021!   The BIG BUZZ phrase right now is "Market Softening". We are hearing it all over the place. Some people think that means we are now balanced, others think nothing changed, and a few people are still saying we are crashing.   Let's look at a few stats to show what's really happening: New Inventory is UP 5.8% month over month Continue Reading

Our Summer Market is in full swing! Below is a snapshot of May's Stats. No surprise, we still sit with extremely low inventory. This shortage is continuing to drive pricing up and days on market down.   One tactic that many Buyers are using to compete in the bidding wars is to use a Full Appraisal Contingency Waiver. What does this really mean?   A full Appraisal Contingency Continue Reading

Time for our next Market Update. No secret... we are still in a hardcore Seller's Market. This Month's Market Question: Is it just the lower price points that are seeing multiple offers and considered the "Seller's Market"?   Answer: Nope, not all. In fact, the Luxury Home Market has seen a very large surge in recent months. Now "luxury" means different things to different people. Continue Reading

The start of 2021 is continuing in the same path as the previous year. Very low inventory of homes is keeping us in that Seller's Market. Instead of going into the same details, this month I want to answer a question that I have been repeatedly hearing over the last few months:   "Why is the Days on Market still in the upper 20's when we are seeing homes go under contract in just a Continue Reading