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Merry Christmas! As the year wraps up, I wanted to thank everyone for the friendships, support and business. I am very grateful to do what I do, it is truly an honor to help. As we finish out the year, we approach it in the normal fashion. The volume in the market has…
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Over the last couple months, I have had the opportunity to work on a number of more complex real estate transactions. As clients look for their first home, move up as the family grows or deal with involved financial pictures, some have been a complicated puzzle. The challenge is really enjoyable, especially when we solve it…
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This month news is not terribly exciting, but will affect most financed real estate transactions starting on Oct. 3, 2015. The Consumer Finance Protection Bureau has enacted TRID, with the purpose of protecting buyers who finance their properties. The new regulations mandates certain disclosures to the borrower and gives them adequate time to understand the terms as to not…
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Summer is wrapping up and surprisingly, through all the vacations, we are still seeing a lot of activity in the real estate market. In fact, the total number of homes & condos sold 2015 just surpassed 2013 total. With pending sales also up in July, we could end the year…
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The market is maintaining the same upward trajectory as last month. The total number of homes sold continues to out pace 2014 by 20.8%. Notable is that total number of homes & condos sold is nearly the same as 2013. This is significant as the median price for homes and condos has increased by 28% &…
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The market has momentum, almost half way through the year and we continue to see sales increase and upward pressure on price in almost all price points. Condos have experienced a huge 41.9% increase in sales year to date and single family homes have increased by 12.7%. The condo market is led by a couple…
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ACTIVE, this market has a lot of activity right now. I am experiencing and hearing about many multiple offer situations. Across the board in all price points, people are buying homes right now. I believe we are seeing an uptick in activity for two reasons. First, I hear a lot…
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In my mind, the market correction in 2008 does not seem that long ago and the recovery very recent. With that in mind, I anticipate that sales should be on a strong upwards projection. What surprised me in 2014 was that though we saw a continued rise in prices, we…
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Over the last couple months, we have seen a few interesting occurrences in the real estate market. The first one being in November the Fed decided to end QE3, the program to buy treasury and mortgage-bonds. Since the housing bubble burst the fed has introduced three rounds of quantitive easing (QE). Since the beginning of…
Market Update
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