All 2400 Square Foot Homes Are Not Equal, Per Buyers and Appraisers
So -- if your neighbor's 2400 SF, circa 2000, 4 BR, 2 BA home just sold for $300K... Then it's probably reasonable to think that your 2400 SF, circa 2000, 4 BR, 2 BA home…
Homes Have Never Sold Faster Than They Are Selling Right Now!
OK, admittedly, I was only able to look back 20 years -- but still -- I think it is fair to say that... Homes Have Never Sold Faster Than They Are Selling Right Now! As…
Monthly Housing Costs Decline A Bit In 2020 Thanks To Record Low Mortgage Interest Rates
The monthly cost of a mortgage on a median priced house has actually declined a bit this year! For this analysis, I am measuring "monthly housing cost" by determining the…
How Do Home Inspection Negotiations Usually Proceed?
A buyer agrees to pay a price for a house based on what they know about the house at that time. The home inspection process allows them to learn more about the house to…
Home Buyers Keep On Buying
You almost have to squint to see major differences between the trajectory of each of these lines over the past few years. The three lines above are showing the cumulative…
Mortgage Interest Rates Are Absurdly Low
Fortunate are the home buyers who happen to be buying right now -- and locking in super low mortgage interest rates! Over the past year, interest rates have been at an…
Inventory Changes Can Reveal Reasons For Fewer Home Sales
Contract activity is slowing, a bit, and that will likely eventually lead to fewer sales -- that is to say fewer sales in 2020-YTD than in 2019-YTD. So, if we get to that…
Home Sales and Prices Still Rising Despite Declining Contract Activity
I just published my monthly market report, which you can download as a PDF here, or read on for the highlights of what is happening these days in our local housing…
Home Buying Activity Continues To Slowly Slow, But Low Inventory Likely A Contributing Factor
The pace of buyers signing contracts to purchase homes continues to slowly slow in 2020 -- with year-to-date contract activity in 2020 now 7% lower than during the same…
Mortgage Applications, Often A Good Leading Indicator Of Buyer Activity, Rising Quickly!
The number of people making applications for mortgages tends to be a good indicator of current and future buyer activity. The graph above shows that mortgage applications…
Looking At The Big Picture, Financially, Of Both Selling AND Buying a House
If you will be selling your home to buy another, there are a lot of numbers floating around.... what you'll sell for your closing costs when selling your mortgage payoff…
The Value Of Your Finished Basement Depends On How It Is Finished
There are a lot of types of basements - and they have very different values to buyers and appraisers. Here are a few examples, to get you thinking... Nine foot ceilings…