Right now it is the fall real estate season. Maybe, just maybe, in your area you might have the sensation that the market has softened. Maybe just a little bit. And ho-boy, if you have been working hard all year long, this may feel like a long overdue and welcome moment. But I’ve done my […]
Posts Tagged ‘housing market’
Recessions and Real Estate, What’s the Big Worry all About?
Have you ever wondered how previous recessions have affected real estate prices? This is a common question I get asked by agents and consumers anytime the word recession is brought up. The term, “recession” can scare anyone who has been through one and were caused financial strain as a result. Therefore, the word recession often […]
The 7 Factors That Will Signal a Market Change
Recently I have noticed that more and more local, Puget Sound area agents are contacting me wondering if our market is correcting. When asked why, they say they are listening to the news and media, other agents, and even their clients talking about the next bubble or crash. For any agents who have been selling […]
Get Your Business Out of Cruise Control
The market has changed dramatically over the past couple of years. Not long ago, agents were complaining that they were overwhelmed by a lack of business caused by the severe housing collapse we experienced. We went from that market to a market where multiple offers are now the norm. In some cases, it’s not uncommon […]
Many Buyers Not Able to Jump Into the Buying Pool
Sellers all over the country and especially the Pacific Northwest are excited about the sudden and constant rise in house prices. This is extremely beneficial to sellers who back in 2009 wondered if they would ever be able to recoup the losses they had on their homes.
Predicting Real Estate Inventory: It’s All About the Permits
Anyone who knows me will tell you that I have been talking about inventory challenges for years. Many markets across the country have experienced severe shortages of inventory caused by reduced new construction building. This has resulted in dramatically increased house prices. Don’t forget that the real estate market is just like the stock market […]
The Market Seems Slow, Should I Be Worried?
I have had many inquiries lately about the state of the real estate market. Many agents have asked me if they should be concerned about their local market slowing down. But, as we all know, real estate is a local cyclical business that has its ebbs and flows. We have been experiencing a very active […]