Demand Disappearing
Preliminary data points to a drastic increase in Supply and a drastic decrease in Demand. Buyers have stopped looking.
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Buyer Tips
Blog articles with Buyer Tips
July Fire and Ice
The temperature was high in the Sac Metro area during July. Supply suddenly got hot but demand almost disappeared and is still trending lower.
Recession or Relief?
Recession or Relief? When a whipsaw happens, it is best to stop it if possible, and avoid it at all cost. It’s human nature to respond to sudden [inorganic] demand and create too much supply. When the sudden demand vanishes, a supply glut results. Prices and stress levels go up and down and back up.
Recession or Relief? Read More »
Preliminary Data
Preliminary July and 2022 Data General Status Descriptions When a listing is put on MLS, it is “ACTIVE” with a qualifier of “NEW” for the first 2-5 days. When a seller and buyer come to agreement, the listing becomes “PENDING”. If the escrow/contract is successfully closed, the listing is marked as “SOLD”. That single listing
Pattern Interrupted
Charts are graphical depictions of data. Showing time-based data items together helps highlight correlations and patterns.
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They’re Here
As rates go up and demand gets squished, sellers feel left out and rush to a hushed market. Like now.
Swings and Averages
When something has a swing to it, you should have evasive tactics in mind. Momentum swings could also hurt.
Swings and Averages Read More »
Sign Here
Signatures of the Principals are the critical data elements to obtain when selling real property in CA. Yes, sometimes signing should not be done.