AI Elephant in the Room
Artificial Intelligence is a hot topic. As a recovering geek, I spell out the basics of how I define the functionality.
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Momentum
Where Are the Sellers?
Residential real estate, like any other product on any other shelf, has a need for NEW supply to allow the market to be active and to settle down. But new listings are getting more paltry each month.
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New Supply & The Market
Through March 2023, the number of NEW listings is drastically lower than average for almost every zip code.
What happens when supply is not being replenished?
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County Market Updates
Sacramento County real estate market update – data through March 2023 – inventory and price update.
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Folsom Inventory & Lean Score Update
Folsom 95630 Real Estate inventory and Lean Score (revised) update for data through February 2023.
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Multiple Offers & Lean Score – March 2023
Listings on MLS can become Sold or Canceled/Expired. When a seller gets multiple offers, it bodes well for that seller. When the clamor is broad, the market prefers sellers.
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Folsom Market Update – 2023 March
February 2023 results for Folsom residential real estate market.
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Carmichael Market Update – 2023 March
February 2023 results for Carmichael residential real estate market.
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Fair Oaks Market Update – 2023 March
February 2023 results for Fair Oaks residential real estate market.
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Lean Score and The Market
Market favors either Sellers, Buyers, or neither. This proprietary calculation called Lean Score depicts the market balance for 11 data items used to explain the residential real estate market.
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