Sacramento Metro Real Estate Blog
American Lifestyle Magazine intro letter - Issue #116
The utter disappearance of housing supply, whether due to the virus or other reasons, caused a flurry of activity from buyers who were NOT at risk and felt the urge to buy. When the urge to buy exceeds the urge to sell, prices go up and appraisers can’t dampen it on their own.
Now that winter is here, “cocoons” begin to form and listings dwindle. But that has been our market for 9+ months — NO LISTINGS. If you have one, clean it up, price it well, make it available, and have a place to move in 30 days, it will sell.
When an agent is a salaried employee, it begins to erode the exclusive relationships and VALUE that I provide clients. It’s not the salary, per se, it’s a different mindset when you’re getting paid regardless of any value you provide. I’ve been salaried and the mindset can make one lazy.
Home Sales momentum crossed beneath zero at August 2005 coinciding with the marked decrease in Sales in January 2006. Momentum hit a bottom in December 2007 indicating the Sales spiking in March 2008. And momentum is still positive.