We have lots of buyers looking for homes and we've had a fantastic June and July in terms of sales. We have homes coming to market and sales are brisk but......we have a huge inventory shortage on the Monterey Peninsula. So, what is going on? With the advent of the pandemic, many buyers from metro areas are looking to find more living space in less populated areas. Demand is up but supply is not keeping pace. From what we hear, sellers are hesitant to sell but perhaps their
Despite the pandemic, according to a newly released report from the National Association of REALTORS®. 35% of REALTORS® reported no delays to closings in a snapshot survey conducted on April 26 & 27. Interest rates continue to encourage buyers and despite a huge increase in unemployment claims, many potential buyers are still working and see opportunities in the market Inventory is still low compared to previous years so we need more sellers to jump in. In the area I monitor
Does anyone remember when interest rates were over 10%? I dug into the distant past and found these rates on Value Penguin Inc. I guess we have a lot to be thankful for right now. Take a look.... Year Lowest Rate Highest Rate Average Rate 1990 9.56% 10.67% 10.13% 1989 9.68% 11.22% 10.32% 1988 9.84% 10.77% 10.34% 1987 9.03% 11.58% 10.21% 1986 9.29
Realtor.com®’s research team analyzed 300 of the nation’s largest metros between September 2014 and September 2017 to find which markets have seen the largest increases in median list prices over that period. Researchers looked at the percentage change—not total dollar uptick—over one-, three-, and five-year periods. Half of these markets are in the Midwest and the numbers are quite dramatic! The following markets have seen the highest home appreciation, according to realtor.
According to Realtor Magazine ( March 2017), California cities continue to dominate the list of the hottest housing markets in the country. In Vallejo-Fairfield, Calif., days on the market for listings have dropped by half over the past year, which helped propel it to the top of realtor.com®’s hottest housing market list for February. Across the country, homes for sale are more limited than ever before, and strong buyer demand mixed with that limited inventory is fueling hig