10 Facts About The Market
10 Facts About Our Real Estate Market given data through December 2022 and comparing to 2006 and showing interruptions in pattern and psychology in 2020.
Seller Tips
Blog articles with Seller Tips
Bubbles Fizzle
It’s a physical certainty that when hyper-appreciation occurs to any asset or commodity, what follows MUST be hyper-depreciation.
External Forces Ensure Price Drops
The reasons for our unnatural growth were fear, abundance of money, and lack of houses for sale. These forces rushed the appreciation which we knew was bonkers as it was happening.
No Secrets
It’s no secret that buyers now wonder how long they should wait for “the bottom”. It’s no secret that sellers want to sell before “the bottom”. It’s no secret that “the bottom” will only be evident after it happens.
Demand Disappearing
Preliminary data points to a drastic increase in Supply and a drastic decrease in Demand. Buyers have stopped looking.
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. …
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.