Everyone is on edge for this real estate market because it looks almost identical to the last crash, which affected everyone’s lives. However, there are two key differences. Lack of supply and mortgage regulations.
More good news for Sellers in this Market Update December 2021. Analysis More of the same! As was indicated in the last market update, there are 1/3 fewer new homes on the market than the prior month. This means prices will continue to climb for those homes that stay on the market. You may have […]
The increasingly high demand of home buyers due to one of the lowest interest rates in history is another great reason for a seller to sell their home right now. If you’ve contemplated selling, well there hasn’t ever been a better time. Also, we don’t know how long interest rates are going to remain this […]
You may see over the next few months that the housing market is increasing drastically as compared to year over year from last year around this time. Last year data covering March, April, May and June we saw significant flatlining in the housing market because of that dirty little C word. I have a feeling […]
Will inventory go up soon is the big question in today’s market. Will we experience another housing bubble like 2008? We know it feels like the wild, wild west out there when trying to buy a home. Ivy Zelman from the Z Report says, “This month our broker contacts report a continuation of robust demand […]
Are housing prices going to keep going up? What are experts saying about the forecast? Forecasts from Fannie Mae, Freddie Mac and the Mortgage Bankers Association and other experts all project an average of 6.8% appreciation this year and expect that to continue on through 2022. Forecasters are also projecting that we are going to […]
Real Estate is going bonzo, so what’s happening locally here in the Real Estate market. Should you buy, should you sell, should you wait, should I stay, or should I go Now? Definitely not a singer. Well, let’s look at what the data is telling us. Hi my name is Eren Millam with Premiere Property […]
Transitioning to Phase 3 of economic re-opening, market trends remain the same. Although Lewis County has fully transitioned to phase 3, the governor has issued a statewide mask requirement. For realtors, the mask requirement hasn’t changed much, but the amount of people we can allow in a showing no longer has a limit as long […]
The month of May marked the limited opening of businesses and loosening of the restrictions of the Coronavirus lockdown. However, the limitations placed on real estate from late March through April were in place for most of May. Just recently, showings were increased from 2 people at a time (real estate broker +1) to 3 […]
Here is the latest chart accurate as of 05.08.2020. We are averaging 5 new listings per day and 9 go pending each day. The number of cancellations have dropped from one per day to one per week. To give you an idea of context, here is last week’s chart: Week to week, pendings are down […]