Florida Real Estate Market SEPTEMBER 21, 2022: For the first time this year, Florida home prices have fallen. They’re down $5,300 from July yet that price level is 15% higher than 12 months ago. Surprisingly, home sales rose in August, up 1700 units to 24,877 closed sales for the month. That number is down -15.8%…
Housing Market Outlook 2022 The big questions for homeowners is “what is my house worth now”, and when should I sell, and where might I move to? For buyers, it is “will I ever be able to afford a home?” Not surprisingly, August’s home sales dropped significantly, however prices did not decline on average, although…
Where is the Market Right Now? Housing economists and pundits are deeply confused about where the US economy and real estate markets are headed. Job vacancy is high, employment at record lows, buyers have money, and wages are rising, so what could possibly happen to the real estate market? The overall weight of factors is…
Be Smart, Sell your House Soon Whether a coming recession is avoided or not, the housing market has taken a downward trajectory. And while recently passed, big stimulus might get the economy rolling again, the Fed is expected to keep to it’s course of raising interest rates. Rising mortgage rates will ensure fewer buyers will buy…
Toronto Housing Market Home sales in the GTA declined during June and home prices too sunk just a little. GTA Real Estate Prices declined by $56,000 vs May and are now down $130,000 from their peak heights. See the city by city declines below. TRREB President Kevin Crigger believes home sales have been impacted by…
Toronto Housing Market Bubble Crash Update: Reports about the potential of a Toronto housing bubble and crash have been around for many years. Trump tax cuts and stimulus spending prevented the crash, yet now in 2022, those factors are gone and interest rates are poised to rocket under an ineffectual US Fed. The American situation…
Los Angeles Housing Market How many homebuyers in Los Angeles are asking when LA home prices will fall? Is the LA housing bubble finally about to burst? Buyers in LA still hold out hope for home prices to ease and plenty of properties will soon be listed in 2022. Although inventories are growing, it is…
Real Estate Seller Leads What makes some Realtors attack the housing market with such confidence, even in a recession? Do they possess skills, connections, and funds that push them front and center to buyers and sellers? Or is it just a firm, calm, persistence that helps them build a huge lead funnel? If you look…
Will Sellers Rush Online to Find a Realtor? Many Realtors are thinking there’s no way residential real estate can fail. Housing markets are too hot with wealthy buyers, high employment, strong banks, along with strong millennial buyer demand and very limited supply of housing. Yet the narrative seems to be changing despite the economic strength. …
Vancouver Housing Market Update and Forecast Vancouver has built its reputation as one of the most beautiful cities and locations in the world. The modernization of the city, incredible mountain vistas, moderate climate with a surprising amount of yearly sunny days, high tech center growth, tourism and neighboring mountain recreation areas makes this area a…
Seller Leads through Better Marketing Today’s home sellers are a cagey lot, continuously holding on for a better price, a better time, and for the end of the pandemic of course. Still, as a Realtor among thousands in your region, you must build a system capable of reaching as many as possible. As one of…
The Right Property Management Software Software technology has come a long way in the past few years. Improvements in property management technology in particular is responding to growth in the rental property sector as the demand for rental housing rockets. Landlords and property managers are building their businesses on cloud based software platforms to leverage…
US Housing Market January Home sales across the US took a surprising upturn in January 2022 rising 6.7% from December which exceeded NAR’s forecast. It seems homebuyers are eager to lock in a lower mortgage rates now than risk much higher rates later. Given the price of homes in some cities, waiting to buy a…
US New Home Construction, Prices and Sales It’s not a reach to say that buying a new home is tops on many American’s wish list. Although demand for new homes is intense, a lack of supply is dampening those dreams of home ownership. New US home sales rose 4% across the country in October and…
Massachusetts Housing Market Typical of most housing markets in the US, the Boston housing market is constrained due to a lack of houses for sale. 2021 was a record sales year, however of late, supply is squeezed and activity appears to be easing. Buyers too are concerned that mortgage rates might be on the rise….
Winning Real Estate Marketing Strategy Organic real estate marketing and lead generation are the core or foundation of your sales success. While local advertising and word of mouth help your efforts, they’re not going to establish you as the top Realtor in your region. Admittedly, it takes confidence and the help of a good digital…
Florida Housing Supply Dries Up The Florida housing market remains one of the hottest housing markets in 2022 despite a continually diminished listings of Florida homes for sale. The lack of housing construction is a topic I’ve been writing about for years. It’s due to government policies (NIMBY) resistance to new housing development and it’s…
Toronto Condo Market The Toronto housing market continues to accelerate as the pandemic eases. Although the 416 area code sees growth last quarter and in September, it’s the 905 area code that is seeing big increases in condo prices. Toronto’s condominium market fared poorly during the pandemic as few wanted to risk high density living…
Sell My House Now! With home prices peaking and beginning to flatten, and with the economy showing some weakness, quite a few homeowners are wondering if right now is the best time to sell their house or condo. Selling your house fast for cash has always held connotations, but recently, the business model of companies…
Calgary Housing Market and Update The residential real estate market across Calgary is similar to most housing markets including Toronto, Mississauga, Vancouver, Kelowna and Montreal. Housing sales in the last 13 months, and in particular the first half of this year were up sharply. The question is whether sales and prices will continue rising or…